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) business market
B) consumer market
C) e-commerce market
D) global market
E) supplier market

Question

Quizplus · Accepted Answer

The definition provided in the question perfectly fits the description of the business market, which is a market comprised of organizations that purchase goods and services for the purpose of producing other products or services that will be sold, rented, or supplied to others. The other options are incorrect: B) consumer market is comprised of individuals or households buying goods and services for personal consumption, C) e-commerce market refers to the buying and selling of goods and services online, D) global market encompasses all the markets in the world, and E) supplier market refers to the market of companies that supply goods and services to other companies.

The ________ Consists of All the Organizations That Acquire Goods