Which of the Following Statements Describes the Nature of Products

question 8

Multiple Choice

Which of the following statements describes the nature of products in business-to-business (B2B) markets?

• A)The products sold in these markets are mainly finished goods assembled by firms.
• B)The products are sophisticated and must conform to technical standards of the buyer.
• C)There is no time-bound delivery of products in B2B markets.
• D)Consumers buy the products from B2B markets for their own personal consumption.
• E)Technical assistance and after-sale service is not mandatory for products in B2B markets.

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Definitions:

In-Person Surveys

A method of data collection where questionnaires are administered face-to-face with participants.

Postal Sampling Frames

Lists or databases used in research that are derived from postal addresses to create samples for surveys.

Slow Turnaround

The delay or extensive time taken to complete a process, transaction, or response, often seen as a negative aspect of service or production.

Stratified Random Sampling

A method of sampling that involves dividing a population into smaller groups, or strata, and randomly selecting samples from each stratum.