As an Amazon Associate I earn from qualifying purchases.

Business Market Definition and Explanation PDF Download

Learn Business Market definition in marketing with explanation to study “What is Business Market”. Study business market explanation with marketing terms to review marketing course for online MBA programs.

Business Market Definition:

  • All the organizations that acquire goods and services used in the production of other products or services that are sold, rented, or supplied to others.

    Principles of Marketing by Philip T. Kotler, Gary Armstrong



Business Market Explanation:

It is a market where products and services sold to other businesses, in order to make them valuable for sale, organizations usually sell their raw materials, products, resources and other components in the business market. Therefore, those materials can be used in products manufacturing. These markets are usually comprises on products and raw materials which can be used in company's operations.

Keep Learning Marketing Explanations

What is Communication-Effect Research?

It is a form of research which is conducted to identify whether an ad is effective for the consumers. It ...

What is Marketing Implementation?

A successful usage plan shows what exercises are to be actualized. Who will be in charge of execution, the time ...

What is Customer-Value Hierarchy?

Every product in the market has five different levels. However, each level adds value to customers. There are five levels ...

What is Consumer-Buyer Behavior?

Consumer buying behavior depends on consumers attitudes towards product purchase. It is usually linked with consumer product loyalty; there are ...

What is Joint Ownership?

A circumstance where at least two people co-claim a property. At the end of the day, if at least two ...

What is Intensive Distribution?

In this distribution the point at which a business overlooks advertise division and chooses to supply their item to each ...