UPS Serves Both Consumer and Business Markets,but Most of Its

question 21

Multiple Choice

UPS serves both consumer and business markets,but most of its revenues come from its business customers.UPS has become a strategic logistics ally for many of its business customers,going far beyond offering delivery services to offering inventory management,international trade management,and even financing to its commercial customers.This is an example of which of the following differences between the consumer and business markets?

• A)Buyers and sellers in the business market build close,long- term relationships.
• B)Business buyer demand is derived.
• C)Business markets contain more and larger buyers.
• D)Business purchases involve more buyers.
• E)Demand in business markets is inelastic.

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Definitions:

Recycling Facility

A specialized plant that processes and converts waste materials into reusable material or products.

Technology Store

A retail or online business that specializes in selling electronic gadgets, computers, and other technological equipment.

Donate

The act of giving or contributing to a cause voluntarily without expecting anything in return.

Copyright

A legal term that grants the creator of original work exclusive rights to its use and distribution, often for a limited time.