Multiple choice

On comparing a business market and a consumer market which of the following holds true?

  1. Business market deals with a large number of buyers.

  2. Suppliers customise their offerings to indivisual business customer needs.

  3. Demand for business goods is not derived from the demand for the consumer goods.

  4. The total demand for business goods is not inelastic in nature.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

This option is the right answer as because of a lot of competition and less number of buyers and suppliers customise their products for business buyers in most cases.

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