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a similarity would be that they both use the products for their own benefit. consumer buyers use it to benefit themselves and business buyers use it to make money for themselves.
Business markets have only a few similarities to consumer markets, both involve buyers and purchasing decisions. The characteristics of the business market differs in several ways from the consumer market because the amount of goods bought and sold out weighs the amount that are sold in the consumer market and the market structure, demand, the nature of the buying unit and types of decisions and the decision process is involved. The business market has more transactions because products are often more expensive and complex, plus there are fewer buyers in the business market. These buyers usually have stricter standards.
The number of buyers in a business to business market will vary depending on the market. In some instances there may be just one or two businesses and others may have many.
Characteristics of the business market include, the fact that there are many buyers and takers. Another characteristic is the fact that managers will try to make decisions that maximize profits.
What is SWOC analysis and explain its relevance to business decision making
Make money and keep buyers and sellers happy
decision making is the method which can help you make decision when are starting a business or try to do so.
They give orders, and they give final say in decision making
Make a profit
a similarity would be that they both use the products for their own benefit. consumer buyers use it to benefit themselves and business buyers use it to make money for themselves.
Business markets have only a few similarities to consumer markets, both involve buyers and purchasing decisions. The characteristics of the business market differs in several ways from the consumer market because the amount of goods bought and sold out weighs the amount that are sold in the consumer market and the market structure, demand, the nature of the buying unit and types of decisions and the decision process is involved. The business market has more transactions because products are often more expensive and complex, plus there are fewer buyers in the business market. These buyers usually have stricter standards.
Business Decision
To make buyers more knowledgeable and more safer
The number of buyers in a business to business market will vary depending on the market. In some instances there may be just one or two businesses and others may have many.
To make buyers more knowledgeable and more safer
To make buyers more knowledgeable and more safer
yes