Which of the Following Activities Is Most Likely to Take

question 34

Multiple Choice

Which of the following activities is most likely to take place in a business market?

• A) Sale of a personal toolkit for home repairs
• B) Renting an apartment to a college student
• C) Hiring a babysitter for the evening
• D) Sale of buttons and zippers to a jeans manufacturing company
• E) A financial transaction at a law firm between a lawyer and his client

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Definitions:

Source of Supply

The origin from which goods and services are obtained, which could be a manufacturer, distributor, or a service provider.

Portfolio Analysis

The evaluation of the performance and composition of a collection of investments, projects, or products to make strategic decisions.

Spend Map

A tool or document used in procurement and supply chain management to visualize and analyze an organization's spending patterns, helping with strategic planning and savings identification.

Item Substitution

The practice of replacing one item with another, typically similar item, often due to availability issues or cost benefits.