Which of the Following Statements About Business Markets Is True

question 38

Multiple Choice

Which of the following statements about business markets is true?

• A)The average purchase size in business markets is much smaller than the average purchase size in the consumer market.
• B)Demand for products in business markets is derived from demand for consumer products.
• C)Most demand in business markets is fixed.
• D)Salespeople in business markets only have to satisfy the person actually making the purchase.
• E)Business markets have a broad customer base and a large number of buyers.

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Definitions:

Abdication

The act of formally relinquishing responsibility or authority over something.

Managerial Authority

The power vested in managers and executives to make decisions, direct teams, and oversee the operations within an organization.

Job Depth

The degree of control, creativity, and responsibility an employee has in their job.

Automation

The total mechanisation of a job.