Institutions Are a Major Component of the Business Market That

question 83

Multiple Choice

Institutions are a major component of the business market that:

• A)tend to have greater financial resources than industrial customers.
• B)consist of wholesalers and retailers, who sell the products they buy to final consumers.
• C)include wide variety of organizations that often have diverse buying practices.
• D)acquire products mainly to indirectly support the production of other goods and services.

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Definitions:

Social Organization

The patterning of social relationships and structures within a society or among groups.

Material Structure

The physical and tangible organization or arrangement of objects and elements within a space or within society, often reflecting social or economic patterns.

Apartheid

A policy or system of segregation or discrimination on grounds of race, especially as practiced in South Africa from 1948 to 1994.

White Superiority

The belief or ideology that white people are superior to those of all other races, especially the black race, and should therefore dominate society.