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Discuss the major differences between consumer and business markets?
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Solved in 3 steps
- Explain how the business market differs from the consumer market for a product such as automobiles.Explain how Marketing Plays an Important Role in Society ?Describe the challenges marketers face with changing economic conditions. What factors should marketers consider in offer value to today’s customers?
- Business markets have several characteristics that differ from the consumer market. Distinguish these different characteristics?What is meant by the economic environment?Describe the characteristics of businessto-business markets and business-to-business market demand and how marketers classify business-to-business customers.