Which of the Following Factors Is Unique to B2B Buying

question 96

Multiple Choice

Which of the following factors is unique to B2B buying and is not typically found in B2C buying?

• A)Most purchases are made at "list price" with cash or credit cards.
• B)Demand is based on consumer needs and preferences.
• C)Decisions are usually made by individuals.
• D)There are a limited number of large buyers,often geographically concentrated in a specific area.
• E)Buyers engage in limited-term or one-time-only relationships with many different sellers.

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Definitions:

Budget Line

A graphical depiction of all possible combinations of two goods that can be purchased with a given budget and prices.

Price Ratio

The ratio of the prices of two goods or services, often used in the context of trade or barter.

Elasticity of Demand

A measure of how responsive the quantity demanded is to a change in price, indicating how a product's demand will fluctuate with pricing changes.

Marginal Rate

Often refers to the incremental increase in cost or benefit associated with a one-unit change in an economic activity.