Two manufacturers were discussing the upcoming trends in the business market. One kept referring to the market as the 'business market,' while the other interrupted him and said: "when you refer to the business market, you are referring to the _________."

Question

Quizplus · Accepted Answer

The term "industrial market" is commonly used to refer to the market where businesses purchase goods and services for their operations. This is different from the consumer market, where individuals purchase goods and services for personal use. The term "transactional market" could also be used, but it is not as common of a term as "industrial market." "Relational enterprise" and "ultimate market" are not commonly used terms in this context.

Two Manufacturers Were Discussing the Upcoming Trends in the Business