Regarding Business Products,which of the Following Is True

question 403

Multiple Choice

Regarding business products,which of the following is true?

• A)Availability may be more important than low price to a buyer of repair items.
• B)Quality of service may be more important than low price to a buyer of professional services.
• C)A broad product assortment may be more important than low price to a buyer of supply items.
• D)Meeting specifications may be more important than low price to a buyer of component parts.
• E)All these answers are correct.

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Definitions:

Incentive Contracts

Agreements designed to motivate individuals or parties by offering rewards that are directly linked to their performance or achievements.

Risk Placed

A term that might be used to describe the process of assessing and assigning a level of risk to a particular investment or decision.

Average Level

A mean or central value that represents the typical amount, degree, or condition of a set of numbers or measurements.

Incentive Contracts

Agreements that offer rewards for meeting or exceeding specified performance criteria.