What are the major requirements for a group of individuals and organizations to be a market? How does a consumer market differ from a business-to-business market?

Respuesta :

The major requirements for a group of individuals and organisations to be a market as evident from the definition big a market is that; there must be an exchange of goods or services in which case, there are sellers and buyers.

Which requirements ascertain that a group of individuals are a market?

The occurrence of the exchange of goods and services represents the qualifying requirement for a market.

The distinctive property between a consumer market and a business-to-business market is the that former, involves the end user of the good or service while the latter involves the use of the good or service exchanged to facilitate the production of other goods.

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