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The business market consists of all the organizations that acquire goods and services used in the production of other products or services that are sold,
The business market consists of all the organizations that acquire goods and services used in the production of other products or services that are sold, rented, or supplied to others. Describe how the business market is different from the consumer market.
The answer should cover the below points along with a detailed explanation
- Define and explain Business Market and Consumer Market and a brief explanation how it differs
- Explanation using derived, inelastic, joint, fluctuating demand using the example to explain
- References
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