Which of the Following Statements About Business Markets Are True

question 19

Multiple Choice

Which of the following statements about business markets are true?

• A)Business markets have a narrow customer base and a small number of buyers.
• B)Most demand for business products is derived and inelastic.
• C)The size of purchases made in business markets is much larger than those made in consumer markets.
• D)Business markets are geographically concentrated.
• E)All of the above

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Definitions:

Radon-222

A radioactive gas that is a decay product of uranium, which can accumulate in buildings and increase the risk of lung cancer upon exposure.

Underground Deposits

Natural accumulations of minerals, metals, or other geological resources that are located beneath the Earth's surface, often requiring mining to extract.

Radon-222

A radioactive, colorless, odorless, tasteless noble gas, occurring naturally as an indirect decay product of uranium or thorium, and considered a health hazard due to its radioactivity.

Soil Surrounding

The layer of the Earth's crust that covers its surface, in which plants grow and where various organisms can live.