Compared to B2B Markets,which of the Following Is a Characteristic

question 110

Multiple Choice

Compared to B2B markets,which of the following is a characteristic of a B2C market?

• A) Fewer but larger customers.
• B) More complex supply chain.
• C) Complex buying process.
• D) Inelastic product demand.
• E) Geographic concentration of suppliers.

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Definitions:

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aiming to ensure free movement of goods, capital, services, and labor among its member states.

Trade Barriers

Measures imposed by governments to restrict or control international trade, often to protect domestic industries.

Organizational Culture

The shared values, beliefs, and norms that influence the behavior of individuals within an organization.

Values

Core beliefs or standards that guide behavior and decision-making within an organization or individual.