With Regard to Business Products,which of the Following Statements Is

question 95

Multiple Choice

With regard to business products,which of the following statements is true of major equipment?

• A) It is generally marketed by local industrial distributors.
• B) It is sold through a longer distribution channel than accessory equipment.
• C) It is often custom designed for each customer according to requirements.
• D) It is less expensive and shorter-lived than accessory equipment.

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Definitions:

Consumer Ethnocentrism

The belief held by some consumers that purchasing foreign-made products is wrong or harmful to the local economy.

Major External Factors

Key influences originating outside of an organization that can significantly impact its performance and strategy, such as economic, social, technological, and political conditions.

Direct Competition

Two or more businesses offering products or services that directly compete against each other.

Currency Fluctuation

Refers to the variations in the value of one currency relative to another, which can impact international trade and investments.