Which Statement Is True of Business Markets

question 72

Multiple Choice

Which statement is true of business markets?

• A) Products or services are sold for personal consumption.
• B) Goods sold in consumer markets are not sold in business markets.
• C) One customer can account for a huge volume of purchases.
• D) Relationship marketing is given the least importance.

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Definitions:

NLRB

The National Labor Relations Board, a U.S. government agency responsible for enforcing U.S. labor law in relation to collective bargaining and unfair labor practices.

Union Instrumentality

Tools or strategies used by unions to achieve their objectives, including collective bargaining, strikes, and political lobbying.

Supervisors

Individuals within an organization who oversee the work of employees, managing their activities, providing guidance, and ensuring that tasks are completed effectively and efficiently.

NLRA

The National Labor Relations Act, enacted in 1935, which is fundamental labor law in the United States protecting the rights of employees and employers, to encourage collective bargaining, and to curtail certain private sector labor and management practices, which can harm the general welfare of workers, businesses, and the U.S. economy.