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Edexcel IAL·Business·IAL Business

Markets & Market Research

12 min read

Market types, market research methods, market size and share, and segmentation.

Markets

A market is where buyers and sellers meet. Markets can be mass (large, undifferentiated) or niche (small, specialised). Market size is the total sales; market share =firm’s salestotal market sales×100= \frac{\text{firm's sales}}{\text{total market sales}}\times100=total market salesfirm’s sales​×100.

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