Teenagers spend billions of dollars on smart phones, music downloads, and video games. They have the ability, willingness, and authority to purchase such products because of their perceived need. These teenagers are an example of a(n) ____ market.

Question

Quizplus · Accepted Answer

The given scenario describes how teenagers are spending money on products that they perceive as necessary or desirable, which is a characteristic of consumer markets. The other options (business-to-business, producer, governmental, institutional) do not apply to the given situation.

Teenagers Spend Billions of Dollars on Smart Phones, Music Downloads