GK
MARKETING MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
One of the characteristics of business market is -
|
|
Few buyers
|
|
|
Small buyers
|
|
|
Many buyers
|
|
|
Daily buyers
|
Explanation:
Detailed explanation-1: -There are several differences between business and consumer markets. Firstly, business markets usually have fewer buyers than consumer markets. However, these few buyers tend to buy larger quantities than individuals.
Detailed explanation-2: -The four popular types of market structures include perfect competition, oligopoly market, monopoly market, and monopolistic competition. Market structures show the relations between sellers and other sellers, sellers to buyers, or more.
Detailed explanation-3: -Private property, freedom, self-interest, competition, minimum government intervention are the characteristics of a market economy.
There is 1 question to complete.