Which of the Following Is a Factor That Exacerbates the Volatility

question 3

Multiple Choice

Which of the following is a factor that exacerbates the volatility in demand in industrial markets?

• A) Professional buyers in the market tend to act in concert.
• B) The demand for industrial goods is independent of changes in economic development.
• C) Small, noncyclical swings in demand are inherent in industrial markets.
• D) Experienced purchasers tend to take buying decisions independently.
• E) The demand for industrial goods is highly inelastic.

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Definitions:

Mental Processes

The internal, covert activities of the mind, such as thinking, feeling, problem-solving, and decision-making.

Voluntary Behaviors

Actions that are performed as a result of conscious choice or decision.

Cognitive Learning

Learning that involves mental processes like thinking, knowing, remembering, and problem-solving, highlighting how we understand and apply knowledge.

Operant Conditioning

A learning process in which the strength of a behavior is modified by reinforcement or punishment.