Business market
A business market is a method a company uses to sell products or services to a specific group of consumers. Typically, business markets facilitate sales from one business to another in cases where one business plans to reuse or resell another company's products or services. A company that purchases goods and services in a business market might also use the items they purchase as materials to produce new products of their own. Business markets are designed around making sales directly to consumers, focusing on reaching a large audience rather than marketing to other businesses. Companies that use business-to-business markets advertise and sell their goods or services to other businesses instead of marketing directly to consumers. Products and services sold in a business-to-business market are often reused or resold by the company that purchases them and sometimes function as materials for manufacturing new products. Companies that operate in a business-to-business market might also sell to consumers, but most focus on selling their products or services to other companies and businesses. [Indeed].
Market definition business is a platform for buying and selling goods and services. Businesses must understand how various markets work to know how best to market themselves. A business market can be described as the exchange of goods and services between businesses. Business markets can be warehouse facilities, eCommerce, or physical markets. Business markets also allow businesses to sell to other businesses [Study.com].
Business Markets: Definition, Types, and Examples. Indeed. Retrieved from: https://www.indeed.com/career-advice/career-development/business-market
Types and Examples of Business Markets. Study.com. Retrieved from: https://study.com/learn/lesson/business-markets-types-examples-what-is-a-market-in-business.html