Institutional Markets Are

question 10

Multiple Choice

Institutional markets are

• A) intermediaries who resell goods to make a profit.
• B) federal and state government units.
• C) state or local government units.
• D) consumers who buy products for their own use.
• E) organizations that seek nonbusiness goals.

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Definitions:

Deceptive Marketing Practice

A misleading or false representation of a product or service in marketing activities to lure consumers into making a purchase.

Environmentally Friendly

Products, practices, or services that cause minimal harm to the environment.

Economic Responsibility

The obligation of businesses to contribute to the economic well-being of their communities and society as a whole.

Social Responsibility

The practice of companies taking responsibility for the impact of their activities on the environment, consumers, employees, communities, and all other stakeholders.