Which of the Following Is True with Respect to Buyers

question 90

Multiple Choice

Which of the following is true with respect to buyers in business markets?

• A)Business buyers always act rationally when making purchases for their company.
• B)Business customers tend to be less informed about the products they purchase than consumer buyers.
• C)Business customers demand detailed information about a product's quality,features,or technical specifications.
• D)Business customers are no different than buyers in consumer markets.
• E)Business customers tend to buy products from their friends and contacts with business suppliers.

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Definitions:

Weighted Average Cost

A method of calculating the cost of inventory based on the average cost of all similar goods available during a specific period.

Inventory Balance

The total value of all the goods that a company has in stock at a particular point in time.

Cost Of Goods Sold

The immediate expenses linked to the creation of a company’s sold products, encompassing costs associated with both materials and labor.

Perpetual System

An inventory management system that continuously updates inventory records for each purchase and sale transaction.