Identify the Correct Statement About Organizational Products

question 38

Multiple Choice

Identify the correct statement about organizational products.

• A) No middlemen are involved in the typically short channel for operating supplies.
• B) Price competition is important when selling or buying raw material.
• C) Brand preference is generally high when purchasing fabricating parts or materials.
• D) Advance buying contracts are commonly used when purchasing accessory equipment.

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Definitions:

Exchange

The act of giving one thing and receiving another, especially of the same type or value, in return.

Things Of Value

Items, services, or concepts that hold worth or usefulness to individuals or organizations.

Promotional Capital

Resources and assets utilized in the promotion of a product, service, or brand, including financial investment, promotional tools, and brand equity.

E-Mail Address

A unique identifier for an email account, enabling the sending and receiving of electronic messages over the internet.