Which of the Following Characteristics of Business Customers Is True

question 82

Multiple Choice

Which of the following characteristics of business customers is true?

• A)A single purchase by a business customer is typically larger than that of an individual consumer.
• B)Demand for industrial products is derived from ultimate demand for consumer products.
• C)Relationships between business marketers tend to be close and enduring.
• D)All of the characteristics are true.
• E)Both a single purchase by a business customer is typically larger than that of an individual consumer and demand for industrial products is derived from ultimate demand for consumer products.

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Definitions:

Net Income

Net income is the ultimate profit a company achieves after subtracting all taxes, expenses, and costs from its total income.

Commercial Substance

A situation where the future cash flows of a business are expected to change significantly as a result of a transaction.

Plant Assets

Long-term tangible assets used in the operation of a business that are not intended for sale.

Recognized Immediately

The principle of recording revenues or expenses in the accounting period when they occur, regardless of when cash is received or paid.