Chapter 7 Note Taking Assignment -.docx

Chapter 7 Note Taking Assignment -.docx - Chapter 7...

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Chapter 7 Note-Taking Assignment Instructions: This assignment is required. It is recommended that you complete this assignment as you are reading through the chapter. Upon completion it is recommended that you use this assignment (with correct answers) to prepare for the test. 1. Describe what wholesalers do? 2. What are the three purposes of a business market? consists of individuals, organizations, or groups that purchase a specific kind of product for one of three purposes: resale, direct use in producing other products, or use in general daily operations. 3. What are the four main categories of business markets? The four categories of business markets are producer, reseller, government, and institutional. 4. Define producer market. Individuals and business organizations that purchase products for the purpose of making a profit by using them to produce other products or using them in their operations are classified as producer markets .
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