Government markets consist of government agencies that buy goods and services ________.

Question

Quizplus · Accepted Answer

Government markets refer to the purchasing activities of government agencies. These agencies buy goods and services to produce public services, such as infrastructure, defense, education, healthcare, and other public services. The purpose of government purchasing is to ensure that the government has the necessary resources to provide these public services. Therefore, option A is the best choice, while options B, C, D, and E are not applicable to government markets. Option B is incorrect because government agencies are not in the business of making a profit. Option C is incorrect because government agencies do not generally engage in further processing of purchased goods and services. Option D is incorrect because government agencies do not purchase goods and services for personal consumption. Option E is incorrect because government agencies have quality standards that suppliers must meet.

Government Markets Consist of Government Agencies That Buy Goods and Services