Which of the following types of firms comprises an industrial market?
A) retailer
B) mining
C) wholesaler
D) state government
E) NASA

Question

Quizplus · Accepted Answer

Industrial market includes firms that produce goods such as mining, manufacturing, construction, etc. These firms are involved in producing goods and services used by other businesses, and mining falls under this category.

Retailers, wholesalers, state government, and NASA are not industrial firms. Retailers are involved in selling goods directly to consumers, while wholesalers sell goods to other businesses. State government is a political entity, and NASA is a government agency involved in space exploration and research.

Which of the Following Types of Firms Comprises an Industrial