Buying goods and services for further processing or for use in the production process refers to which of the following markets?
A. Consumer markets
B. Government markets
C. Business markets
D. International markets
Answer: Option C
Solution(By Examveda Team)
Buying goods and services for further processing or for use in the production process refers to Business markets. Marketplaces where organizations purchase raw materials, natural resources and components of other products for their resale or for use in manufacturing another product. Business markets are generally made up of businesses which buy products and raw materials for their own operation.This Question Belongs to Management >> Marketing
buying goods and services may be termeed as the consumer market as well.As the consumers form the monoploy in case of buying goods or services when sounds economic.