Friday 26 September 2014

Analyzing Business Markets

So Business Markets does not really come under the purview of my product because for lipton, its consumers who are their main source of revenue and not other businesses.
Business Markets behave and react differently as compared to consumer markets.





Business Markets
Consumer Markets
More rational in their buying behavior
More irrational in their buying behavior
Not the source of demand
The demand is derived from consumers
More systemized and organized
More unorganized as compared to Businesses but still has a structure
Personal Relations play in important role
Personal Relations are not required, just the mirage of personal interactions are needed.
Fewer sellers & buyers
More sellers and buyers

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