Which of the Following Is True of Business Markets

question 29

Multiple Choice

Which of the following is true of business markets?

• A) They have more buyers than consumer markets.
• B) They use a more complex process than consumer markets to evaluate new products.
• C) They can be segmented using psychological variables.
• D) They depend only on price and quality to make purchase decisions.
• E) They do not employ professional buyers.

---

Definitions:

Confidence Interval

A range of values, derived from statistical analysis, that is likely to contain the true parameter value.

Sample

A subset of a population selected for measurement, observation, or questioning to provide data for analysis.

Mean

A mathematical term that represents the sum of values in a dataset divided by the number of values, serving as a measure of central tendency.

Standard Deviation

An index showing the degree of spread or variability among a collection of numbers.