Business markets in world

 

Business markets in world 

 BUSINESS  MARKETS

A business market refers to a market in which businesses, rather than consumers, buy goods and services for use in the production of other goods and services, for resale, or for use in their operations. Business markets can be divided into several types, including the following:

                     ITS   TYPES

Raw material markets: These markets involve the sale of raw materials, such as metals, minerals, and agricultural products, to businesses.

Capital goods markets: These markets involve the sale of durable goods, such as machinery and equipment, to businesses.

Specialty markets: These markets involve the sale of specialized goods or services to businesses, such as consulting services or custom software development.

Industrial markets: These markets involve the sale of goods or services to manufacturers or other industrial businesses.

Reseller markets: These markets involve the sale of goods or services to businesses that resell them to consumers, such as wholesalers or retailers.

Government markets: These markets involve the sale of goods or services to government agencies at the local, state, or federal level.

International markets: These markets involve the sale of goods or services to businesses in other countries.