The Two Major Types of Markets in Business Are the Consumer

question 119

True/False

The two major types of markets in business are the consumer market and the producer market.

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Definitions:

Implicit Personality Theories

Personal theories that people have about which personality characteristics go together.

Central Traits

Personal characteristics of a target person that are of particular interest to a perceiver.

Honesty

The quality of being fair and truthful, an essential component of ethical behavior and trust-building in personal and professional relationships.

Stereotyping

The tendency to generalize about people in a certain social category and ignore variations among them.