The ________ consists of all the organizations that acquire goods and services used in the production of other products or services that are sold, rented, or supplied to others.
A) consumer market
B) global market
C) business market
D) supplier market
E) e-commerce market

Question

Quizplus · Accepted Answer

The business market consists of organizations that buy goods and services for production purposes or for their own use (such as office equipment or supplies). This is different from the consumer market (A), which consists of individuals and households who buy goods for their personal use, and the global market (B), which refers to the exchange of goods and services between countries. The supplier market (D) refers to the network of suppliers that provide raw materials and other inputs to organizations in the business market. E-commerce market (E) refers to the buying and selling of goods and services online, which can be part of either the business market or the consumer market.

The ________ Consists of All the Organizations That Acquire Goods