Which of the Following Statements Is True of Business Marketing

question 45

Multiple Choice

Which of the following statements is true of business marketing?

• A)It refers to the sale of goods and services for the purpose of personal consumption.
• B)It deals with products that are used to facilitate an organization's operations.
• C)It has long and indirect channels of distribution.
• D)It includes selling stationaries to students.

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Definitions:

Decreases

A reduction in size, quantity, or degree; the opposite of increases.

Tax

A mandatory monetary fee or tax levied by a government on individuals or organizations to finance public spending.

Price Elasticity

An indicator of the sensitivity of the demand for a product to fluctuations in its price.

Gasoline Demand

The total quantity of gasoline that consumers are willing and able to purchase at a given price over a certain period.