Match the Following Terms with Their Definitions

question 88

Multiple Choice

Match the following terms with their definitions.
-Shows trends

• A)Value that occurs most often
• B)Used in a frequency distribution
• C)Middle number is median
• D)Line graph
• E)Sum of all values / Number of values
• F)Does not distort an average that has one or more extreme values
• G)Height represents frequency
• H)Current price x 100 base year price
• I)360
• J)Sum of products + sum of frequencies

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Definitions:

B₂B Buying

The process by which one business purchases goods or services from another business for use in production, resale, or general business operations.

B₂C Buying

The purchasing process in which businesses sell products or services directly to consumers, typically through retail or online channels.

B₂B Purchasing Process

The sequence of steps a business goes through to purchase goods or services from another business, often involving complex decision-making and multiple stakeholders.

Consumer Decision-Making Process

The stages a consumer goes through before purchasing a product, including problem recognition, information search, evaluation of alternatives, purchase decision, and post-purchase behavior.