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Buying goods and services for further processing or for use in the production process refers to which of the following markets?
- AConsumer markets
- BGovernment markets
- CBusiness markets
- DInternational markets
Correct answer: C
Discussion 1
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CCommunity
Business markets
Buying goods and services for further processing or for use in the production process refers to Business markets. Marketplaces where organizations purchase raw materials, natural resources and components of other products for their resale or for use in manufacturing another product. Business markets are generally made up of businesses which buy products and raw materials for their own operation.
Buying goods and services for further processing or for use in the production process refers to Business markets. Marketplaces where organizations purchase raw materials, natural resources and components of other products for their resale or for use in manufacturing another product. Business markets are generally made up of businesses which buy products and raw materials for their own operation.