Five Types of Business Markets
Consumer Market
- A consumer business market is one in which a business advertises and sells its products directly to individual consumers. This is the largest type of business market because of its mass market of customers. Examples include grocery stores, clothing stores and car dealerships. Franchises, or businesses that sell the rights to operate branches of their company to others, also fall under the consumer market category. A well-known consumer market franchise is the chain restaurant.
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