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WAEC Marketing 2017 Question 24

Question 24

Markets

The market where goods are purchased for the purpose of selling it to consumers is

  1. A.institutional market.
  2. B.industrial market.
  3. C.reseller market.
  4. D.government market.
Show the answer and explanation

Answer: C (reseller market.)

Explanation

Wholesalers and retailers buy goods to resell at a profit; they make up the reseller market.