Vidyalelo
Commerce · Q27

eCommerce

Graduate and Post Graduate · Commerce · question 27

Q27

The area of actual or potential commercial value in which a company intends to operate is a _______.

A.
market space
Answer
B.
marketplace
C.
perfect market
D.
Bertrand market

Answer: Option A

Solution

Answer: Option A
Solution:
The area of actual or potential commercial value in which a company intends to operate is a market space. Minimum Viable Product or MVP is the most basic version of the product which the company wants to launch in the market.