Demand in Industrial Markets Is Different from That in Consumer

question 32

Multiple Choice

Demand in industrial markets is different from that in consumer markets. All of the following are factors that differentiate the industrial market from the consumer market EXCEPT:

• A) demand is more volatile in the industrial market.
• B) stages in industrial development affect demand for industrial products.
• C) stages in economic development affect demand for industrial products.
• D) industrial products are always more expensive than consumer products.
• E) the level of technology of products and services makes their sale more appropriate in some countries than others.

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Definitions:

Fate

The development of events beyond a person's control, regarded as determined by a supernatural power.

Ethics Competency

The ability to understand, reflect upon, and apply ethical principles and standards to one’s behavior and decision-making processes.

Expectancy Model

A psychological theory that describes an individual's motivation to engage in a behavior based on the expectation that the behavior will lead to a desired outcome.

Perception Of Reality

The way in which an individual interprets and understands the world around them, which can vary greatly from person to person.