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Questions and Answers

What are the important features of the Industrial Market?

  • Limited scale of goods demanded and supplied (correct)
  • Economies of large scale can be availed only by suppliers
  • Continuous supply and demand for a small variety of items
  • Transactions taking place directly

    • Which type of market is different from the regular market of consumer goods?

  • Industrial Market (correct)
  • Consumer Goods Market
  • Mobile Market
  • Departmental Market

    • What is one segment of the total market in the economy?

  • Departmental Market
  • Industrial Market (correct)
  • Consumer Goods Market
  • Mobile Market

    • How do most transactions in the Industrial Market take place?

    <p>Through agents</p> Signup and view all the answers

    What is the nature of supply and demand in the Industrial Market?

    <p>Supply and demand take place on a large scale</p> Signup and view all the answers

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