One of the Distinguishing Characteristics of Business Markets Is That

question 123

Short Answer

One of the distinguishing characteristics of business markets is that there is a smaller number of larger buyers that account for most of the purchases. This distinguishing characteristic is called ______________demand.

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Definitions:

Most Stable

Refers to the state of being resistant to change or capable of maintaining equilibrium in the face of external forces.

Sanctions

Measures taken by one or more countries against another to force compliance with international laws or norms, typically involving trade restrictions or economic penalties.

Social Institutions

Established patterns of behavior and organization in societies, including family, education, religion, and government, which structure individual and group interactions.

Elected President

An individual who has been formally chosen through a voting process to hold the presidential office in a nation or organization.