Question: The two terms are often interchanged, but have useful purposes when distinctly defined. Blank 1 . Fill in the blank, read surrounding text. refers to

The two terms are often interchanged, but have useful purposes when distinctly defined.

Blank

1 .

Fill in the blank, read surrounding text.

refers to a group of organizations, usually for

-

profit businesses, engaged in creating and selling similar lines of products and services to similar markets. A

Blank

2 .

Fill in the blank, read surrounding text.

is a group of customers who have demands for similar products and services intended to satisfy similar needs. An industry is composed of organizations and a market is composed of people or organizational buyers.

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