Which of the Following Statements Is True Regarding the Nature

question 73

Multiple Choice

Which of the following statements is true regarding the nature of the business market?

• A) Distribution channels for business products are significantly longer than those for consumer products.
• B) As compared to business markets, customer relationships in consumer markets tend to last for longer duration.
• C) Personal selling plays a bigger role in business markets than in consumer markets.
• D) As compared to consumer markets, purchase decisions in business markets are relatively simple because of relatively less number of decision makers.

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Definitions:

Real Exchange Rate

A measure of the value of one currency in terms of another, adjusted for inflation.

Net Capital Outflow

The difference between a nation's total investment in foreign countries and foreign investments within the nation, over a specific period of time.

Open-Economy Macroeconomic Model

An economic model that analyses interactions between domestic and international factors in shaping economic indicators.

Exchange Rate

The value of one country's currency in terms of another country's currency.