The ________ consists of all the organizations that acquire goods and services used in the production of other products or services that are sold, rented, or supplied to others.
A) consumer market
B) e-commerce market
C) global market
D) domestic market
E) business market

Question

Quizplus · Accepted Answer

The business market, also known as the B2B market, comprises organizations that purchase goods and services in order to produce other goods or services that they then sell, rent, or supply to other businesses or consumers. This market is distinct from the consumer market, which consists of individuals and households that purchase goods and services for personal use. The e-commerce market refers specifically to the online portion of any market, and the global and domestic markets refer to the geographical reach of a market, rather than the type of organizations that make up that market.

The ________ Consists of All the Organizations That Acquire Goods