Which of the Following Statements Does NOT Describe the Business

question 40

Multiple Choice

Which of the following statements does NOT describe the business market?

• A) Organizational buying decisions are usually made independently by a purchasing agent while consumer buying decisions are made jointly.
• B) Business customers tend to be more geographically concentrated,and customers in consumer markets tend to be more geographically dispersed.
• C) The channel of distribution is more often direct for business markets than for consumer markets.
• D) Purchasing by businesses is a more formal process than it is in consumer markets.
• E) Business marketers tend to have far fewer customers than consumer marketers.

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Definitions:

Chilling Effect

A chilling effect occurs when the exercise of rights or freedoms is discouraged by the threat of legal sanction or other negative consequences, leading to self-censorship or avoidance of certain actions.

Arbitration

A method of dispute resolution where an impartial third party, the arbitrator, makes a binding decision to resolve a dispute outside of court.

Contract Disputes

Conflicts that arise over the interpretation, fulfillment, or breach of a contract between two or more parties.

Compulsory Arbitration

A method of dispute resolution where an impartial third party makes decisions that are binding on both parties involved, often used in labor disputes.