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:

Medical Insurance

A form of insurance that covers the whole or part of the risk of a person incurring medical expenses.

Transductive Reasoning

A type of thinking typical in early childhood where children make inferences from specific instances to other specific instances.

Intuitive

Relating to the ability to understand or know something without conscious reasoning; instinctive.

Centrated

Focusing attention on one aspect of a situation or object while ignoring others, a concept found in Piaget's theory of cognitive development.