Economics Is a

question 31

Multiple Choice

Economics is a

• A) hard science.
• B) physical science.
• C) natural science.
• D) social science.

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Definitions:

Buying Center Tendencies

Refers to the patterns or behaviors exhibited by a group of individuals within an organization who are involved in making a purchase decision.

Buy Classes

Categories of purchasing decisions that vary based on their complexity, frequency, and the level of decision-making involvement.

Modified Rebuy

A purchasing situation in which a buyer reevaluates options for repurchasing a product or service due to changing needs or conditions.

Straight Rebuy

A purchasing situation in which a business buys the same goods or services without seeking new information or considering other suppliers.