Which of the Following Statements Is True Regarding the Nature

question 73

Multiple Choice

Which of the following statements is true regarding the nature of the business market?

• A) Distribution channels for business products are significantly longer than those for consumer products.
• B) As compared to business markets, customer relationships in consumer markets tend to last for longer duration.
• C) Personal selling plays a bigger role in business markets than in consumer markets.
• D) As compared to consumer markets, purchase decisions in business markets are relatively simple because of relatively less number of decision makers.

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Definitions:

Grade

A classification system used in education to evaluate or rank students' performance, typically represented by letters (A, B, C, etc.) or numbers.

Hours

A unit of time equal to 60 minutes or 3600 seconds.

Volume

The amount of space that a substance or object occupies, or that is enclosed within a container.

Price

The amount of money expected, required, or given in payment for something; it reflects the value at which a transaction can occur.