What term describes buyers who purchase items for the purpose of resale or further production?

The term that refers to buyers who purchase items for the purpose of resale or further production is B2B, which stands for business-to-business. In a B2B context, transactions occur between businesses rather than between a business and individual consumers. Companies engaged in B2B transactions typically buy products or services with the intention to sell those products or services to other businesses or to use them in their own operations for production purposes.

In contrast, consumer markets focus on end users who purchase goods and services for personal consumption rather than for resale, which distinguishes them from B2B transactions. Retail markets involve businesses that sell products directly to consumers, without the intermediary purchases for further business use. An expanded market refers to a broader market segment that could include various types of buyers but does not specifically denote the intent of resale or production inherent in B2B transactions.