Which of the Following Is True of Business Markets

question 113

Multiple Choice

Which of the following is true of business markets?

• A) Buyers are usually not skilled at comparing competitive product offerings.
• B) Buyers have limited purchasing power.
• C) Property rights, language, culture, and local laws are the most important concerns.
• D) Products sold in such markets are usually highly standardized.
• E) Business buyers purchase goods to make or resell a product to others at a profit.

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Definitions:

Adulthood

A stage of life characterized by full physical development, legal responsibility, and often psychological maturity.

Self-fulfilling Prophecy

A belief or expectation that influences behavior in a way that causes the belief to become true.

Mastering Skills

The process of acquiring and becoming proficient in a set of skills through practice and learning.

Reaching Goals

The process of setting, pursuing, and achieving objectives, often involving planning and motivation.