Question

Match the LIST-I with LIST-II

List-I (Types of Markets)	List-II (Characteristics)
A. Industrial market	I. It consists of individuals and organisations that buy or acquire goods and services that enter into the production of other products and services.
B. Consumer market	II. It consists of individuals and organisations who acquire goods purchased by others and sell them either to industrial consumers or ultimate consumers.
C. Reseller market	III. It consists of individuals and households who buy or acquire goods and services for their own personal or household use.
D. Government market	IV. It consists of central/state agencies and local bodies who purchase goods to meet the requirements of the government.

• A. A-I, B-II, C-III, D-IV
• B. A-I, B-III, C-II, D-IV
• C. A-II, B-III, C-I, D-IV
• D. A-III, B-IV, C-I, D-II

Hint:

Understanding the different markets helps businesses target their products more effectively.

Answer 1

The Correct Option is A

- Industrial market (A) includes organizations that purchase goods for production use (I).
- Consumer market (B) consists of individuals who buy goods for personal use (III).
- Reseller market (C) includes those who sell purchased goods to others (II).
- Government market (D) consists of government agencies purchasing goods for public needs (IV).