Which of the Following Is True About Business Purchases

question 17

Multiple Choice

Which of the following is true about business purchases?

• A) Business purchases involve more professional purchasing effort than consumer purchases.
• B) Business purchases involve fewer participants in decision making compared to consumer purchases.
• C) Purchasing agents are absent in business purchases.
• D) Business purchases involve less technical and economic considerations compared to consumer purchases.
• E) Business purchases are usually quicker and more informal than are consumer purchases.

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Definitions:

Split Labour Market

A theory that explains the division of the labor market into separate sub-markets or segments, based largely on race, ethnicity, or gender, with differing levels of wage and conditions.

Internal Colonialism

A concept describing the exploitation and domination of a country's minority groups by its dominant group, akin to colonial rule but within the same state's borders.

Split Labour Market Theory

A sociological concept that explains how divisions within the labor force (based on race, ethnicity, gender, etc.) can lead to conflicts and inequalities.

Visas

Are official documents or endorsements that allow the bearer to legally enter, remain in, or leave a particular country or territory.