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:

Dynamic

Defined by unceasing alteration, motion, or advancement.

Initiating Structure

The degree to which a leader concentrates on group goal attainment.

Formal Designation

Refers to the official title or status bestowed upon a person, place, or thing through a conventional or recognized procedure.

Leadership Traits

Characteristics or qualities that are commonly found in effective leaders, such as confidence, integrity, and decisiveness.