Question

The B2B market involves fewer trades and fewer dollars spent than the consumer market because there are so many more consumers than there are businesses.True/false

Answer 1

Answer:

False

Explanation:

Business to Business market refers to wherein one business purchases/sells good to another business. Like one business might specialize in production of raw materials which are bought by another business who uses them as inputs to produce output.

In the consumer market, products are purchased by buyers for own consumption unlike in business to business markets.

The business to business market exceeds the consumer market in terms of dollars spent.

Thus, the given statement is False.