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What is the first aim of business?

To gain profits from different source of markets which they adopt


Explain characteristics of different types of organsational structures in management function and behaviour?

Answers for explain the different characteristics a business


What are key customer markets?

•Consumer markets •Business markets •Global markets •Nonprofit/Government markets


Business markets have several characteristics that contrast sharply with those of consumer markets?

Business markets typically involve fewer but larger buyers, leading to more concentrated purchasing power compared to consumer markets, which have a vast number of individual buyers. Transactions in business markets are often more complex and involve longer decision-making processes, influenced by multiple stakeholders, while consumer markets generally feature quicker, more straightforward purchasing decisions. Additionally, business purchases often focus on factors such as long-term relationships, quality, and service, rather than just price, as seen in consumer markets. Finally, the demand in business markets is usually derived from the demand for consumer goods, making it less volatile than consumer market demand.


What are Consumer characteristics?

Consumer characteristics are used to segment markets into workable groups


What is Proximity to markets?

Proximity to markets is a business strategy used when choosing a location for a business. Proximity to markets for manufacturing plants puts the plant close to the consumers.


Characteristics of business market?

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.


What outlets do firms have to sell their output?

business markets and consumer markets


What are factor markets and product markets?

Factor markets are markets for inputs into the workforce, such as labor markets, land markets, and capital markets. They represent items that are factors in the growth of business. Product markets are the the outputs produced by markets such as goods and services.


What are the different types markets on the basis of time?

local markets,,regional markets,,national markets,international markets,


When compared to consumer markets business markets are?

Verizon Business Markets provides the best Broadband and Voice products, solutions and services in support of America's growing Small & Medium Business community. utt.ly/tQmzRQa c


What are the two major types of markets?

consumer market and the business-to-business market.