Explain Business market and Consumer market
a.)Business market Business market in simple words is business to business market where in the products or services of a particular organization are sold to or purchased by other organization or business. It also happens in support industries where the products that are manufactured are components required to be assembled into the products or services offered by some other business organization. b.) Consumer market Consumer market refers to a market where in the seller sells the product for a primary reason of making profits while buyer buys the products for personal use.
