The institutional market is BEST described as the market consisting of:
A) all the individuals and organisations acquiring goods and services used in the production of other goods and services.
B) all the individuals and organisations that acquire goods for the purpose of reselling or renting them to others, usually at a profit.
C) government units at all levels-federal, state and local government-that purchase or rent goods used in carrying out their functions.
D) schools, hospitals, nursing homes, prisons and other institutions that provide goods and services to people in their care.
E) all the individuals and organisations acquiring goods and services for use in not- for- profit activities.
Correct Answer:
Verified
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