Which of These Statements Is Not True About Business Markets

question 140

Multiple Choice

Which of these statements is not true about business markets?

• A)the purchase may be made to resell the item
• B)the purchase is always made by more than one individual
• C)the purchase may be made to use in general daily operations
• D)the purchase may be made to use in production of another product
• E)they can also be referred to as organizational markets

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Definitions:

Check Clearing

Check clearing is the process through which banks verify and process the transfer of funds from the check issuer's account to the recipient's account, finalizing the transaction.

Transit Float

The time difference between when a payment is made and when it is available in the recipient's account.

Processing Float

The time delay between when a check is written and when it is actually deducted from the payer's account, often utilized in managing company cash flows.

Cash Balances

Cash balances refer to the amount of currency, coins, and balances in checking and savings accounts that a company holds at any given time.