The Business Market Differs from the Consumer Market in That

question 77

Multiple Choice

The business market differs from the consumer market in that:

• A) the business market is substantially larger, with more numerous buyers, than the consumer market.
• B) more customisation occurs in the consumer market.
• C) businesses acquire goods and services for personal consumption, while consumers acquire them for other purposes.
• D) the business market is substantially smaller, in dollar terms, than the consumer market.
• E) businesses acquire goods and services in order to use them for another purpose, while consumers acquire goods and services for personal consumption.

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Definitions:

Managers

Individuals responsible for planning, leading, organizing, and controlling the operations of a business or a part of it to achieve organizational objectives.

Pay

Compensation received by an employee for their work or services.

Motivator

An internal or external factor that provides the incentive or reason for someone to act or behave in a certain manner.

Performance

The act of carrying out a task or the level of efficiency and effectiveness with which this task is completed.