Snappy Tools, Inc., purchases hammers, bolts, and other hardware items from a variety of manufacturers and sells them to hardware stores at a price that includes a profit for Snappy Tools, Inc. The company would be part of what type of business market?

Question

Business

Kamden Estrada

15 August, 21:05

Snappy Tools, Inc., purchases hammers, bolts, and other hardware items from a variety of manufacturers and sells them to hardware stores at a price that includes a profit for Snappy Tools, Inc. The company would be part of what type of business market?

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Answers (1)

Know the Answer?

Jaida Baird · Answer 1

The answer is: Business-to-Business Market (B2B)

Explanation:

A B2B market focuses on products, goods and services that are sold to other businesses, instead of selling them directly to consumers. Sometimes a company may operate on both B2B markets and business to consumer (B2C) markets (e. g. cleaning companies that offer services to other businesses and also cleans homes).

Snappy Tools operates a wholesale retailer that sells tools in bulk to other smaller retailers (e. g. hardware or general stores).