Which of the Following Is True of Business Markets

question 123

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 buy goods to make or resell a product to others at a profit.

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Definitions:

Allison

A manufacturer known for producing automatic transmissions, especially for heavy-duty vehicles and equipment.

Internal Spur Gear

A type of gear with straight teeth located on the internal surface of a cylindrical or ring-shaped component, used to transmit motion or power within a confined space.

Flex Plate

A metal disc that connects the engine to the torque converter in automatic transmission vehicles, facilitating power transfer.

Starter Motor Pinion

A gear on the starter motor that engages with a gear on the engine to crank the engine during starting.