What is the term for a market in which products are sold to organisations who will use them to make other products? For example, flour may be sold to a bakery which uses it to bake cakes.

Question

Quizplus · Accepted Answer

The term "Industrial market" refers to a market where goods are sold to organizations, businesses, or entities that use these goods to produce other products or for operational purposes. In the given example, flour sold to a bakery, which then uses it to bake cakes, is an instance of an industrial market transaction.

What Is the Term for a Market in Which Products