Explain Characteristics of Different Business Markets
Using valid examples explain how different. In economics market does not refer only to a fixed location. Market Structure Overview Distinct Features Types Essential characteristics of a market are as follows. . Products and services are sold by businesses to consumers eg. Demand in business markets remains consistent and unaffected by changes in prices. Explain the characteristics of different business markets Different business markets. In certain cases the business market is much similar to the consumer market. Identify and discuss different criteria of segmenting consumer markets. Business markets often serve a smaller consumer market that contains large buyers. Producers resellers governments and institutions. Turnover The amount of money a company has taken over a period of time. The business market consists of four major categories of customers. The market space in the last. Business...