The action of identifying unique group characteristics, separating groups by these characteristics, and segmenting these groups from the large homogenous market. Designing a marketing strategy that tightly matches the targeted segment’s customer

1. In an open and competitive market, a buyer willingly pays and a seller willingly takes this highest estimated, and acceptable, price for an item . 2. In Accounting, this is the

ownership Claim defect-free, claim-free, and lien-free. Asset or property owner can freely sell it. Also known as good title.

The path from vendor to the consumer of a company’s goods and services, flowing in one direction. Also, this is the path that payments from consumer to the vendor generated by sales

Instead of organizational demands, market conditions drive this type of organization’s conduct and operations. Donor requirements drive a charity to develop funding allocations, as an example.

During a certain period, in a specific product’s market, stating this measure as the estimated maximum total sales revenue of all suppliers.

1. In Securities trading, this is the (1) price details recording of stock exchange security trading. (2) Official count of transactions as trades during an exchange’s trading hours. 2. In Shipping this

The activity of setting an item’s selling price by adding either a set percentage or some additional amount to an item’s cost price.

Describing, and wrapping or encapsulating data and its attributes using a specialized computer language. A markup language embeds processing instructions, called tags, in electronic documents. This is done to accurately style and

Process as a series of events whose past behaviors is no help in predicting any future behavior except the current or present behavior. It involves random chance or probability. Examples of Markov

A follower of the Marxism ideology and its principles.

1. The action of increasing an existing product’s market share or new product introduction to grab market share by volume discounts, advertising, lower prices, or bundling as a strategy. 2. Percentage of

National press, radio, and television, utilized as mass media method of delivery of messages to general public.

Steels that contain very little nickel or other alloying metal, yet a high amount of chromium. Heat treatment of these steels hardens them and makes them stronger but also more brittle. they

Unregimented market offering every customer products with mass appeal products, like aspirin, orange juice, soft drinks, paperback romances, and the like through mass retailers and independent stores, using mass media to promote

Non-combustible materials for the roof and floor, and brick or concrete on the outside walls of a structure are the main ingredients in this type of construction.

Economic, social, and political philosophy as a organized method based on the view that social change is definable in terms of economic factors. The means of production is the economic base that

At the end of a trading day, as late as possible, is when to execute this type of market order.

The last additional capital unit’s annual percentage return. the investment becomes viable at this represented market interest rate. Also known as marginal productivity of capital.

International agreement for a single application to World Intellectual Property Organization (WIPO) sufficing to register a mark in all member countries and register service and trade marks under it.