Teenagers spend billions of dollars on stereo equipment and compact discs.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 passage mentions that teenagers are purchasing stereo equipment and CDs for their own personal use based on their perceived need, which fits the definition of a consumer market. The other options (business-to-business, producer, governmental, and institutional) do not apply to the scenario described in the passage.

Teenagers Spend Billions of Dollars on Stereo Equipment and Compact