Question: Generic markets should not include any productrelated terms. A generic market can have several related productmarkets. And a product is offered to a productmarket that

Generic markets should not include any product‑related terms. A generic market can have several related product‑markets. And a product is offered to a product‑market that is a part of a larger generic market. Question 1 is answered to help you get started.


attachment1.png


 

1. Generic market: Security for families in the world a. Product market: Homeowner's insurance for financial security for home-owning families in the United States. b. Product market: Guards for physical security for wealthy families in the world. c. Product market: Smoke alarms for mental security for families in the developed countries. 2. Generic market: Summer educational (learning) opportunities for preteen kids in large cities like Chicago a. Product market: b. Product market: c. Product market: 3. Product: Sony Handycam digital video camera-recorder a. Product market: b. Generic market:

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Marketing Questions!