Business markets are typically divided into the following four categories:
A)retailers, wholesalers, services and non-profit firms.
B)producer, manufacturer, reseller and government.
C)producer, reseller, government and institutional.
D)manufacturer, wholesaler, retailer and services.
E)reseller, retailer, government and institutional.

Question

Quizplus · Accepted Answer

The four categories of business markets are producer (businesses that create goods and services for other businesses), reseller (businesses that buy goods and services from producers to resell to other businesses), government (federal, state, and local agencies that buy goods and services for the public), and institutional (non-profit organizations, hospitals, schools, etc. that buy goods and services for their operations). Option C correctly identifies these four categories.

Business Markets Are Typically Divided into the Following Four Categories