Which Statement Best Describes the Difference Between Consumer and Business

question 116

Multiple Choice

Which statement best describes the difference between consumer and business markets?

• A) Consumers purchase goods and services for their own consumption, while businesses buy goods and services for other reasons.
• B) Business markets are characterized by low concentration of buyers.
• C) Consumers purchase goods and services based on the concept of derived demand, while businesses are most concerned about primary demand.
• D) Demand in consumer markets is less susceptible to economic cycles than demand in business markets.

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Definitions:

Conjunctivitis

An inflammation or infection of the outer membrane of the eyeball and the inner eyelid.

Blepharitis

An inflammation of the eyelids, typically involving the part where the eyelashes grow and resulting in red, irritated, itchy eyelids, and the formation of dandruff-like scales on the eyelashes.

Hyperopia

A common vision condition, also known as farsightedness, where distant objects are seen more clearly than near objects.

Glaucoma

A group of eye conditions that damage the optic nerve, often associated with abnormally high pressure in the eye, leading to vision loss.