Which of the Following Is NOT a Characteristic of an Organized

question 46

Multiple Choice

Which of the following is NOT a characteristic of an organized exchange?

• A)It functions as a primary market
• B)Securities are bought and sold in an auction market by brokers acting as agents for buyers and sellers in a central location
• C)It may be either national or regional
• D)It has a central location where all trading takes place
• E)It functions as a secondary market

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Definitions:

Consultative Buying Center Culture

A business purchasing environment where decisions are made collaboratively, with input from various stakeholders, aimed at solving specific problems or meeting detailed needs.

Buying Center

A group of individuals within an organization who are involved in the decision-making process for making business purchases.

Buying Center

A group of individuals within an organization who are involved in the process of making purchasing decisions.

New Buy

A purchasing situation in which a business customer is buying a product or service for the first time, requiring extensive decision-making and research.