A Basic Distinction in Types of Markets Is Between Markets

A basic distinction in types of markets is between markets that purchase the item for their own personal use and those that purchase the item for use either directly or indirectly in the production or distribution of other goods or services for resale. For example, when Logan stopped at the gas station to fill up his car before heading home for the weekend, they gas was for his personal use. However, when Brandon filled up his car with gas before a night of working as an Uber driver the gas was actually used to provide a service for sale. In this case, gas was:

A) a consumer product for Logan and a business product for Brandon.
B) a marketing product for Logan and a commercial good for Brandon.
C) a consumer product for Logan and a business product for Brandon
D) gasoline is always a consumer product by definition.