Which of These Statements Regarding Organizational Buyers Is Most Accurate

question 88

Multiple Choice

Which of these statements regarding organizational buyers is most accurate?

• A) Wholesalers and retailers resell the goods they buy without reprocessing them.
• B) Wholesalers and retailers alter the goods they sell to meet the specific needs of their customers prior to resale.
• C) Manufacturers purchase processed goods and resell them to suppliers who in turn resell them to ultimate consumers.
• D) Ultimate consumers can be considered organizational buyers when they purchase in large quantities.
• E) Government agency purchases are more similar to ultimate consumer purchases than they are to wholesalers and retailers.

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Definitions:

Sales Tax

A tax imposed by a government on the sale of goods and services, typically calculated as a percentage of the purchase price.

General Journal Entries

Recorded business transactions in the general journal, forming the foundation of a company's financial records.

Terms of Sale

Conditions agreed upon by the buyer and seller regarding the delivery, payment, and transfer of ownership of goods.

Credit Terms

The conditions under which credit will be extended to a borrower, including repayment schedule, interest rate, and the duration of the loan.