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WAEC Marketing 2022 Question 11

Question 11

Markets

Companies that purchase goods for further processing is an example of

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

Answer: B (an industrial market)

Explanation

Firms buying goods to process further form the industrial market.