Question

External customers may be end users or intermediaries buying the firm's finished products, but ________ may be other businesses who provide the resources and materials for the firm's needs.

a) Internal customers
b) Competitors
c) Regulators
d) Stakeholders

Answer 1

The entities that provide resources and materials needed by a firm are known as internal customers, distinct from external customers who purchase the finished products.

Step-by-step explanation:

The question asks about the type of customers who may be other businesses providing the resources and materials needed by a firm. The correct category for these entities would be internal customers. Internal customers may be different departments or individuals within the organization relying on each other to complete business processes, but they may also extend to suppliers and vendors who collaborate closely with the firm. This differs from external customers, such as end users or intermediaries, who buy a firm's finished products. Moreover, categories like firms in the goods market, firms in the financial market, households in the goods market, firms in the labor market, and households in the financial market, all play distinct roles in various markets affecting a company's operations.