Graham-Field Health Products makes hospital beds and wheelchairs from component parts and materials it buys.It sells its products to hospitals, nursing homes, and retailers of health care products.Graham-Field Health Products operates in a(n) __________ market.

Question

Quizplus · Accepted Answer

Graham-Field Health Products operates in an industrial market because it purchases component parts and materials to manufacture and sell hospital beds and wheelchairs to other businesses such as hospitals, nursing homes, and retailers of health care products. It is not a consumer-dominated market because the products are not sold directly to individual consumers. It is also not a government market because it does not exclusively sell to government agencies. The options of sustainable and renewable resource are not relevant to the type of market it operates in.

Graham-Field Health Products Makes Hospital Beds and Wheelchairs from Component