Which of the Following Represents the Biggest Customer of a Nation's

question 84

Multiple Choice

Which of the following represents the biggest customer of a nation's business?

• A) Government
• B) Other businesses
• C) Foreign governments
• D) Consumers
• E) The military

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Definitions:

Elastic Demand

A situation where the quantity demanded of a good or service significantly changes in response to a change in its price.

Generic Products

Products that are not branded and are sold without any proprietary name or trademark.

"Staying" Power

refers to the endurance or capacity of an entity, such as a company or product, to remain relevant or competitive over a long period.

Frozen Meal

A pre-cooked food product that is preserved through freezing and can be reheated for consumption.