Organizational Buyers Are Described as

question 135

Multiple Choice

Organizational buyers are described as

• A) only purchasers of raw materials and natural resources.
• B) employees who purchase household items for their personal use.
• C) manufacturers, retailers, or government agencies that buy products for their own use or for resale.
• D) any individual or group making a purchase worth over $100,000.
• E) any man, woman, or child who uses products purchased for a household.

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Definitions:

Accounting

The systematic process of recording, measuring, and communicating information about financial transactions.

Entrepreneurship

The process of designing, launching, and managing a new business venture, typically characterized by innovation and risk-taking.

Proprietorship

A business structure in which the business and the owner are legally considered the same, making the owner personally responsible for all the business's debts and obligations.

Corporation

A legal entity that is separate from its owners, providing them limited liability, and has the ability to raise capital through the sale of shares.