What is a product market AND how do I choose a product market . Pls help quick

Product markets typically contain groups of consumers that share a fairly specific need that only certain and closely related kinds of products or services can meet. In the case of smartphone users, for example, only phones with specific and more or less comparable capabilities can serve the needs of these consumers. In a product market, the capacity to serve the market is often predicated on the method. Only a company that produces smartphones can compete for this market, let alone hold an intrinsic advantage, because only that product suffices.

b. hiring workers

d. producing goods

e. distributing goods

f. buying materials

Explanation:

Capital is wealth set aside for the creation of more wealth, so capital invested in a business must be used exclusively for the purpose of the business in order to generate superior returns to investors via profit.

Payment for hiring workers is incurred for the purpose of the business, expenses on production activities are necessary for the purpose of the business, distribution and material purchases are all expenses for the purpose of generating returns to the investors. However, payment of taxes and repayment to investors cannot be paid from capital.