Which of the Following Statements Is True About Business-To-Business (B2B)markets

question 82

Multiple Choice

Which of the following statements is true about business-to-business (B2B) markets?

• A)Institutions such as hospitals and prisons are excluded from conducting B2B transactions.
• B)Distributors in a B2B market are those which usually buy raw materials, components, and parts that allow them to manufacture their own goods.
• C)Usually, information about government buying can be obtained from Business Access Canada or from MERX.
• D)In a B2B market, resellers completely alter the form of the product before selling it.
• E)In most countries, the central government tends to be one of the smallest contributors to the purchase of goods and services.

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Definitions:

Factory Overhead Cost

Every cost involved in manufacturing that isn't categorized as direct labor or direct materials.

Factory Heating

An operational expense associated with maintaining an appropriate temperature within a manufacturing or production facility, often categorized as a facility overhead cost.

Conversion Costs

The combination of direct labor and manufacturing overhead costs incurred to convert raw materials into finished products.

Direct Materials

The raw materials that are consumed in the manufacturing process and are directly allocated to the product.