Which of the Following Factors Accounts for Greater Market Similarities

question 22

Multiple Choice

Which of the following factors accounts for greater market similarities among industrial goods customers than among consumer goods customers?

• A) The inherent nature of the product
• B) The customer motive being individual satisfaction
• C) Government control over design specifications
• D) Industrial goods being associated with after-sales services
• E) The restriction on international sale of industrial goods

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Definitions:

Public Project

A public project involves initiatives or works undertaken by the government meant to benefit the public by providing essential services, infrastructure, or amenities.

Marginal Benefit

The gain in pleasure or value received from the consumption of one more unit of a good or service.

Public Project

A project typically financed and operated by the government designed to serve the public interest or provide a public good.

Majority Vote

A method of decision-making where the option that receives more than half of the votes wins.