In Business-To-Business (B2B) E-Commerce, _____

question 86

Multiple Choice

In business-to-business (B2B) e-commerce, _____.

• A) most purchases are based on impulse
• B) the negotiations include a large number of business customers
• C) the size of a typical individual transaction is relatively small
• D) buyers and sellers often develop close and long-lasting relationships

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Definitions:

Potential Real GDP

The highest level of gross domestic product (GDP) that could be achieved if an economy operates at full employment.

Aggregate Demand Curve

A graphical representation showing the relationship between the overall price level and the total demand for all goods and services in an economy.

Quantity of Output

The total amount of goods or services produced by a company, sector, or economy within a specific period.

Price Level

The overall average price of all goods and services currently made in the economy.