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In which type of market would a large scale manufacturer of pasta purchase flour for its products? A - HSC - SSCE Business Studies - Question 14 - 2017 - Paper 1
Question 14
In which type of market would a large scale manufacturer of pasta purchase flour for its products? A. Consumer B. Industrial C. Mass D. Resource
Worked Solution & Example Answer:In which type of market would a large scale manufacturer of pasta purchase flour for its products? A - HSC - SSCE Business Studies - Question 14 - 2017 - Paper 1
Step 1
Identify the type of market
Answer
The question asks about the type of market a large scale manufacturer of pasta would use to purchase flour. In this context, the term 'industrial market' refers to the market where businesses purchase goods and services for the production of their own products. Therefore, the correct answer is:
B. Industrial