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WAEC Marketing 2024 Question 11

Question 11

Markets

Market is broadly classified as

  1. A.consumer and organizational markets.
  2. B.retail and wholesale markets.
  3. C.consumer and wholesale markets.
  4. D.industrial and government markets.
Show the answer and explanation

Answer: A (consumer and organizational markets.)

Explanation

Markets are broadly divided into consumer markets and organisational (business) markets.