How does the business market differ from the consumer market?

Question

Quizplus · Accepted Answer

All the options provided accurately describe differences between business and consumer markets. Business market demand fluctuates more due to changes in consumer demand, tends to be inelastic because businesses often need specific goods regardless of price changes, is derived from the demand for consumer goods, and buyers are typically better informed due to the nature of business purchases.

How Does the Business Market Differ from the Consumer Market