Asked by Michael Megler on May 13, 2024
Verified
An original equipment manufacturer (OEM) falls into which category of business customers?
A) institutional market
B) consumer market
C) reseller market
D) producer
E) government market
Original Equipment Manufacturer
An entity that produces parts and equipment that may be marketed by another manufacturer.
Producer
An individual, group, or organization that creates goods or provides services, typically for sale.
Business Customers
Organizations that purchase goods or services for use in the production of other services or products that are sold, rented, or supplied to others.
- Acquire knowledge on the notion of derived demand and its impact on business sectors.
Verified Answer
MB
Milam BlackMay 14, 2024
Final Answer :
D
Explanation :
OEMs are considered part of the producer market because they purchase components or raw materials to manufacture their own goods.
Learning Objectives
- Acquire knowledge on the notion of derived demand and its impact on business sectors.