The institutional market is made up of businesses that buy goods to be converted into other products or that are used up during production.

Name: The institutional market is made up of businesses that buy goods to be converted into other products or that are used up during production.
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Question

Quizplus · Accepted Answer

The institutional market consists of organizations such as schools, hospitals, and government agencies that purchase goods and services for use in their operations, not primarily for converting them into other products.

The Institutional Market Is Made Up of Businesses That Buy