Thursday 22 September 2011

Mass Market

mass market- when a firm aims a product/ service at majority of market e.g: itv/bbc

Advantages-
  • Larger target market
  • Higher sales possible
  • Easier access to products for consumer
  • can be lower cost as more consumers
  • guaranteed income
  • cheaper production
  • cheaper supplies
  • more variety
Disadvantages- 
  • Lots of people will have different opinions so can't satisfy everyone
  • selective in way you advertise
  • more competition
  • higher costing

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