What Are the Four Major Types of Business Markets, and What

question 27

Essay

What are the four major types of business markets, and what are the characteristics of each?

---

Definitions:

Sales Revenue

The income received from selling goods or services over a period of time.

Budgeted Sales Revenue

Projected income from sales over a certain period, used for planning and forecasting operations.

Sales Increase

A rise in the volume or value of products or services a business has sold within a specific period.

Ending Inventory

The total value of goods available for sale at the end of an accounting period.