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In a Modified Rebuy Situation, Once a Need Has Been

question 34

True/False

In a modified rebuy situation, once a need has been recognized buyers will skip intervening steps in the business-to-business buying process and go directly to making a purchase.


Definitions:

GDP

Gross Domestic Product is the total market value of all final goods and services produced within a country in a given period of time.

Real GDP per Person

A measure of a country's economic output that accounts for its number of people, adjusting for inflation to reflect the true purchasing power per individual.

Expenditure

The action of spending funds or an amount of money spent.

Income

Funds that are earned, frequently on a consistent schedule, from labor or investing activities.

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