The market that consists of all the individuals and organisations acquiring goods and services used in the production of other goods and services is known as a(n):
A) business or industrial market.
B) not- for- profit market.
C) institutional market.
D) government market.
E) reseller market.

Question

Quizplus · Accepted Answer

The definition provided describes a business or industrial market, as it consists of individuals and organizations acquiring goods and services for the purpose of producing other goods and services. The other options - not-for-profit market, institutional market, government market, and reseller market - do not fit the given definition as accurately.

The Market That Consists of All the Individuals and Organisations