What is business?

A business is when you make money out of by selling goods and services. They do this by using resources such as raw materials, labour and machines.

What is a customer?

A customer is when people by goods and services in return of money.

What is a supplier?

A supplier is a business which sells products to other business.

What is a consumer?

A person who uses or (consumes) a product.


What is market research?

A market research is the action of getting information about consumers needs and preferences.

What is primary research?

A primary research is when you collect information yourself for example survey,interviews and more.

What is secondary research?

A secondary research is research that other people have made that you use for example websites, internet and more

What is qualitative data?

is a categorical measurement expressed not in terms of numbers, but rather by means of a natural language description.

What is quantitative data?  

Quantitative data is data that can be measured numerically. Things that can be measured precisely -- rather than through interpretation.


What is market map?

What is market segments?

Name some expensive shops

Name some cheap shops

What does it mean by " a gap in the market"  

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