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one of the criteria for differenciating consumer markets from industrial ones is the?

one of the criteria for differenciating consumer markets from industrial ones is the?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Type of demand
  • B Type of supply
  • C Nature of service rendered
  • D Price of the goods
Correct Answer: Option A
Explanation:
The type of demand is an important basis for distinguishing consumer markets from industrial markets. Consumer demand is usually for goods and services for personal use, while industrial demand is often derived from the need to produce other goods or provide business services.

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