Buying goods and services for further processing or for use in the production process refers to which of the following markets?

Buying goods and services for further processing or for use in the production process refers to which of the following markets? Correct Answer Business markets

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.
Bissoy MCQ

Related Questions

Buying and selling of mass consumer goods and services comes under which of the following markets?
Mr. A obtains new registration, voluntary registration, change of scheme from composition to regular scheme and from exempted goods/services to taxable goods/services. He can avail credit on inputs lying in stock. What is the time limit for taking said credit
_______ markets include a wide variety of profit and non-profit organizations, such as hospitals, government agencies, and schools, which provide goods and services for the benefit of society.
Markets which deal with buying and selling of bonds, mortgages, notes and stocks are considered as
Because of the use of Information and Communication Technolgy (ICT) in governmental activities-i. People of a country can avail government services within a shortest possible time. ii. Government services are not available during holidays. iii. The standard of government services can be enhanced.
__________ strategy is often considered as entrepreneurial strategy where firm develops and introduce new products and markets or penetrate markets to build share
Institutional markets consist of people who buy products and services for personal use.
Product planners need to think about products and services on three levels. Each level adds more customer value. Which one of the following is the most basic level that addresses the question, “What is the buyer really buying?”
What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied?
What refers to the goods and services that are required to support human life, needs and activities?