The Two Key Factors That Affect Industrial Purchasing Are

question 30

Multiple Choice

The two key factors that affect industrial purchasing are:

• A)the buyer's age and gender.
• B)the number of people in the buying center and the competitive position of the company in the market.
• C)the customers' fiscal years and general economic cycles.
• D)the market potential of the company and the growth of the Gross Domestic Product (GDP).

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Definitions:

Information Revolution

The rapid spread and use of information technologies that began in the latter half of the 20th century, transforming the way information is produced, stored, and consumed.

Decade

A period of ten years.

International Trade

The exchange of goods, services, and capital across international borders, enabling countries to participate in global economies.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often leading to the exchange of ideas, products, and cultural aspects.