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Chapteer5:UnderstandingtheMarket
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                •  Volumeofoutput,salesgrowthpoten                                                            A   p l a ce   w h e r e   a
                                                                                                              A place where a specific
                 tial                                                                                         commodity is bought and sold
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                •  Shape, size, weight, colourfeatures
                •  Quality and standard of
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                •  Brandname                                                                                •  Wholeofanyregion;
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                •  Packaging andlabelling                                                            a      •  Buyersandsellershavefreea            OswaalCBSEChapterwiseMindMaps,ENTREPRENEURSHIP,Class–XI
                                                                                                     c        ccess tooneanother;
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                                                                                                            •  Pricesaredeterminedbyforce
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                                                                                                                  •  Forces of demand and

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               •  Channelsofdistribution
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               •  Modes ofdistribution                                                                             supply operates
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                                                                                                                  •  Transfer of title of goods and
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                                                                                                                  •  Nogeographicalboundaries
                                                                           Understanding
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              •  Personalselling                                              Market
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              •  Advertising                                                                                      •  Identify and define
              •  Publicity                                                                                         m a r ke t i n g
                                                                                                                   marketing
              •  ExhibitionsandDemonstrat                                                                          opportunitiesandproblems
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              •  PublicRelations                                                                                  •  Generate refine and
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              •  SalesPromotion                                                                                    evaluate marketingactions
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                                                                                                                  •  Monitormarketingperformance
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                                                                                                                  •  Improve understanding
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                                                                                                                   of marketingasaprocess
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                                                                                        •  Consumerbehaviour
                                                                                        •  Objectives of theenterprises
                    •  Cost ofoutput                                                    •  Terms ofcredit
                    •  Demand of theproduct                                                                                                         [ 5
                    •  Competition in themarket
                    •  Governmentregulationsrelatedtopri
                     cing
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