Question

_____ is the marketing of goods and services to commercial enterprises, governments, and other profit and not-for-profit organizations for use in the creation of goods and services that they then produce and market to other business customers, as well as individuals and ultimate consumers.

Answer 1

Answer: Business marketing

Explanation: The concept of business marketing also called Business-to-business marketing involves selling of good or services by an individual or business enterprise to another business enterprise who uses those goods to recreate their own goods, enhance their services or directly sells the goods or services to consumers. Business marketing usually involves that a large stock (usually more than those sold to consumers) is purchased by the organization and goods are also acquired at considerably lower rates than those sold to consumers ( business-to-consumer marketing).

Answer 2

Answer:

The answer is Business Marketing.

Explanation:

Business Marketing is practiced by individuals and organizations alike. Business marketing is also known as Industrial marketing or Business-to-business (B2B) marketing.

This marketing involves commercial businesses, governments and institutions. In this practice, organization A sell their goods and services to other organization B rather than to the public, and organization B will in turn resell the goods and services.

Organization B can also use the goods and services to enhance their products as well.

This marketing method is a sure way to promote businesses, thereby improving profit.

An example of Business Marketing can be seen in the automobile industry where products from other businesses are used to make a car.

Another example can be seen when an office purchases supplies like coffee and stationery from another business.