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:

Mens Rea

A legal principle referring to the criminal intent or state of mind of the person committing a crime.

Twenty-Five Dollars

The equivalent of 25 units of currency, often referenced in financial transactions or budgets.

Verb Agree

The grammatical rule that a verb must match its subject in number and person.

Subject

The person, place, thing, or idea that performs the action or is described in a sentence.