Regarding Installations, Which Is NOT True

question 290

Multiple Choice

Regarding installations, which is NOT true?

• A) The number of potential customers at any one time is quite large.
• B) Leasing installations may be attractive to buyers.
• C) It is common for sellers to offer specialized services.
• D) The buying needs of potential customers are basically economic.
• E) Multiple buying influence is common.

---

Definitions:

Competitive Industry

An industry characterized by numerous competitors, where businesses vie for market share by offering unique products, prices, or services.

Market Demand

The overall sum of a particular good or service that consumers in a marketplace are prepared and able to buy across a range of prices.

Market Equilibrium

A situation in a market where the quantity of a product demanded by consumers equals the quantity supplied by producers, leading to a stable price.

Competitive Industry

An industry characterized by a large number of firms competing with each other to provide goods or services to consumers.