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Questions and Answers
What are the important features of the Industrial Market?
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?
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?
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?
How do most transactions in the Industrial Market take place?
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What is the nature of supply and demand in the Industrial Market?
What is the nature of supply and demand in the Industrial Market?
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