What Are the Four Major Categories of Factors That Influence

question 119

Multiple Choice

What are the four major categories of factors that influence business buying decisions?

• A)Environmental,organizational,interpersonal,and individual
• B)Environmental,organizational,psychological,and individual
• C)Environmental,psychological,individual,and technological
• D)Technological,organizational,environmental,and interpersonal
• E)Environmental,organizational,technological,and individual

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Definitions:

Equilibrium Quantity

At the equilibrium price, the volume of goods or services both offered and sought.

Quantity Supplied

The amount of a good or service that producers are willing and able to offer for sale at a given price level in a given time period.

Equilibrium Price

The point at which the demand for a particular good or service matches its supply, ensuring equilibrium in the market.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded, leading to market stability.