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Business Analysis : Business And Business

Satisfactory Essays

Each business has products or services they want to sell to consumers, whether this is the man on the street or a multi-nation organisation, the difference in which person they targets will depend on what the product or service the organisation is offering

Business to Business
Business to business markets is, for example where to company engage in a transaction of a product or service, this could be a waste management company removing waste from a warehouse that produce a vast amount of waste. Another example, could be an account or insurance company offering their service to other organisations that need to outsource this service. A change in demand can affect the B2B market as for example a larger company that out sources waste management, accountancy and manufacturing of many other items has a downturn in business this can then have an adverse affect on the outsourced companies as they will in turn lose business.

Consumer Market
Consumer markets are your everyday business, for example a corner shop or a fast food shop, this is where a company sells products on a day to day basis normally in a store or via online sales to customers. This market normally has a lot of transactions but can be massively affected by economical issues i.e. recession.

Service Market
A service market is for example a barbers or hand car wash, this is where a business offers a service to the individual i.e. cutting their hair or washing their car. This market can tie in with the consumer

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