All of the Following Statements About the B2B Market Are

question 3

Multiple Choice

All of the following statements about the B2B market are true except:

• A)the markets are often geographically concentrated.
• B)the size of industrial customers is relatively large.
• C)industrial buyers tend to be more rational.
• D)B2B market is smaller than the consumer market.

---

Definitions:

Credit Terms

Credit terms are the conditions under which a seller extends credit to a buyer, detailing the repayment period, discount for early payment, and penalty for late payment.

Merchandise

Products or goods that are bought and sold by businesses.

Discount Period

The time frame in which a discount is available for early payment of an invoice.

Implied Annual Interest Rate

The interest rate not explicitly stated but inferred from the terms of a financial instrument over a one-year period.