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Can someone please properly answer/define these questions? I'd really appreciate the help. (Also, please TYPE, everything...

Can someone please properly answer/define these questions? I'd really appreciate the help.

(Also, please TYPE, everything out)

4. A Product-Market Def

5. A Product-Market Definition Should Include:

6. At The Step When Data Are Interpreted, A Marketing Manager Should

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Answer #1

Answer 4.

A product market is a place where the final goods and services are bought and sold. The product market does not include trade in raw materials and other unfinished products rather it focuses only on the final goods which are being purchased by customers, businesses, the government or buyers from other countries.

Answer 5.

A Product-Market Definition Should Include: A Product-Market definition should include the four part description i.e.

  1. The type of product.
  2. The need of customers
  3. The type of customers and
  4. The geographic area.

Answer 6.

At The Step When Data Are Interpreted, A Marketing Manager Should always keep in mind that the statistical summaries derived from a sample may not be accurate for the entire population.

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