Which of the Following Statements About the Product and Supplier

question 39

Multiple Choice

Which of the following statements about the product and supplier selection stage of the business buying decision process is true?

• A)Price is the only factor businesses consider before making a purchase decision.
• B)Even companies that have adopted a total quality management approach consider price to be the most important determinant of who to buy from.
• C)Before making a purchase decision,many businesses consider quality,reliability,durability,and after-the-sale service,as well as price.
• D)Because after-the-sale service is a negotiation point,it is not considered at this stage of the business buying decision process.
• E)Price and warranty are the only two factors businesses consider before making a purchase decision.

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Definitions:

Butter

A dairy product made by churning cream or milk, used as a spread or in cooking.

Efficient Allocation

The distribution of resources in a way that maximizes the net benefits to an economy or society.

Technology

The application of scientific knowledge for practical purposes, especially in industry, which includes machinery, equipment, methods, and techniques.

Strawberries

A soft, red fruit with a sweet taste and small seeds on its surface, often eaten fresh or used in desserts.