Which of the Following Statements About Business Buying Is False

question 151

Multiple Choice

Which of the following statements about business buying is false?

• A) Business marketers prefer not to sell to customers who place small orders.
• B) Business marketers must often sell their products in large quantities to make profits.
• C) Most business purchases are made by committee.
• D) Business purchases are usually made on the basis of contracts.
• E) Orders in business markets tend to be smaller than those placed in consumer markets.

Comprehend the concept and process of depreciation, including methods and calculations.

Distinguish between tangible and intangible assets.

Identify the effects of asset acquisition and expenditure on financial statements.

Understand the financial implications of asset disposal and exchange.

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Definitions:

Budget Line

A visual depiction of every combination of two items that a person can purchase, based on their earnings and the costs of these products.

Good X

A placeholder term often used in economics to denote a specific, but unspecified, commodity or product in theoretical discussions.

Good Y

A placeholder term often used in economics to denote a specific good or product under consideration in a model or theory.

Food Stamps

A government assistance program providing electronic benefits to low-income individuals and families for the purchase of food.