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- The key differences between business and consumer markets are1234:
- Target audience: Business markets focus on organizations and entities, while consumer markets target individual consumers.
- Purpose: Business markets involve transactions for operational or reselling purposes, while consumer markets are for personal use.
- Products: Business markets deal with technical or customized products, while consumer markets offer standardized products.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The crucial difference between consumer market and business market is that in a consumer market standardised products are offered to the consumers, whereas in a business market, technical or customised products are provided to the business customers.keydifferences.com/difference-between-consumer-…Business markets refer to organizations, businesses or entities that acquire products and services for use in the production of other services and products. On the other hand, consumer markets refer to markets whereby businesses or producers sell their products or services directly to the final consumers.www.differencebetween.net/business/difference-be…The Business Market involves transactions between businesses, focusing on products and services for operational or reselling purposes, while the Consumer Market targets individual consumers for personal use.www.shiksha.com/online-courses/articles/business …Organizations, businesses, and other entities that buy products and services to use as raw materials in their own production are what are meant by the phrase "business markets." By definition, consumer markets are areas where products and services are sold straight from the source to the final consumers.www.tutorialspoint.com/difference-between-busine… - People also ask
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