Save
Upgrade to remove ads
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Entrepreneur: Unit 4

Entrepreneurship Unit 4: Target Markets

QuestionAnswer
A local bakery is analyzing its market share. Which piece of information is essential for this calculation? Total revenue of all bakeries in the area
True or False: A niche market caters to a broad range of customers. False
True or False: “Experience the ultimate in comfort and style with our shoes.” is an example of a strong value proposition. True
What scenario is most likely focused on the Total Addressable Market (TAM)? A startup researching the entire potential market for its product
What is an example of a B2B transaction? A bakery ordering flour from a supplier
If a company’s sales revenue is $500,000 and the total market sales revenue is $2,000,000, what is its market share? 25%
A value proposition statement should primarily focus on: How features meet the needs and desires of the target customer
A company specializing in luxury watches is most likely targeting which type of market? Niche market
True or False: The Serviceable Available Market (SAM) represents the total potential customers for a product, regardless of a company’s reach. False
A company’s value proposition statement should be: Clear, concise, and easy to understand
Emerging markets are characterized by: Economies experiencing rapid growth and industrialization
A company has a market share of 25%. This means: It earns 25% of the total sales revenue in its market.
What is a benefit of market segmentation? More effective communication with customers
To increase its Serviceable Available Market (SAM), a company might consider: Expanding into a new geographic area
True or False: A strong value proposition statement can help a business attract its ideal customers. True
Created by: user-1774101
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards