GENERAL KNOWLEDGE

GK

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Markets in which market offerings are bought from sellers for reselling purpose are known as
A
reseller markets
B
business markets
C
government markets
D
international markets
Explanation: 

Detailed explanation-1: -Reseller markets-All intermediaries that buy finished or semi-finished products and resell them for profit are part of the reseller market.

Detailed explanation-2: -Products and services sold in a business-to-business market are often reused or resold by the company that purchases them and sometimes function as materials for manufacturing new products.

Detailed explanation-3: -the market consisting of wholesalers and retailers who buy products for resale purposes.

Detailed explanation-4: -The reseller market consists of intermediaries, such as wholesalers and retailers who buy finished goods and resell them to make a profit. Sears is an example of a reseller.

Detailed explanation-5: -A market is a place where buyers and sellers can meet to facilitate the exchange or transaction of goods and services. Markets can be physical like a retail outlet, or virtual like an e-retailer. Other examples include illegal markets, auction markets, and financial markets.

There is 1 question to complete.