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Understanding the Marketplace & Customer Needs

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is a market?

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1. Customers are satisfied when _____________.

2. What is the first step to finding your market?

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About This Quiz & Worksheet

This worksheet and quiz will get you thinking about what you know of customers needs and the marketplace. The quiz will test you on things like what the marketplace involves and how the needs of customers can be met.

Quiz & Worksheet Goals

These study tools will guide you to:

  • Recognize when customers are satisfied
  • Understand how to find your market
  • Determine what market would work best for a given product
  • Assess the needs of a customer who is looking for a dog chew toy

Skills Practiced

Practice the following study skills:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on customer needs and the marketplace
  • Making connections use understanding of the concept of customer needs and apply it to a particular customer looking to buy a dog chew toy
  • Interpreting information - verify that you can read information regarding how to find an appropriate market and interpret it correctly

Additional Learning

Utilize the lesson to explore further the subject of what a customer needs. The lesson is called Understanding the Marketplace & Customer Needs, and it will adhere to the following objectives:

  • Define market
  • Assess examples of what a customer wants
  • Recognize what is available with regard to finding the proper market for your product or vice versa
  • Identify the importance of customer satisfaction
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