Business markets buy goods and services for further processing or for use in their production processes.

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Business markets refer to the market where organizations buy goods and services for use in their production processes, for further processing or for resale. These markets are also known as B2B (business-to-business) markets and differ from consumer markets where individuals purchase goods and services for their personal use. In business markets, the buying process is often more complex and involves multiple decision-makers, negotiation, and long-term contracts.

Business Markets Buy Goods and Services for Further Processing or for Use