Which of the Following Statements Does NOT Describes a Market

question 30

Multiple Choice

Which of the following statements does NOT describes a market characteristic of B2B buying?

• A)More people are usually involved in B2B buying decision.
• B)The number of business buyers is higher than the number of buyers in B2C markets.
• C)In B2B markets, buyers and sellers strive to develop close relationships with each other and find a win-win situation for both parties.
• D)Demand in many business market is inelastic.
• E)The size of the orders is substantially larger than consumer purchases.

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Definitions:

Future Relationship

A future relationship refers to the potential or expected interactions and connections between individuals or entities that have yet to take place.

Collaborative Conflict

A conflict resolution approach where parties work together to find a mutually beneficial solution, emphasizing cooperation over competition.

Communication Efforts

Attempts or actions taken to convey, share, or exchange information, feelings, or ideas with others.

Expanding the Pie

A negotiation strategy aimed at increasing the available resources or options so that all parties can achieve more favorable outcomes.