UPS Serves Both Consumer and Business Markets,but Most of Its

question 111

Multiple Choice

UPS serves both consumer and business markets,but most of its revenues come from its business customers.UPS has become a strategic logistics ally for many of its business customers,going far beyond offering delivery services to offering inventory management,international trade management,and even financing to its commercial customers.This is an example of which of the following differences between the consumer and business markets?

• A) Business purchases involve more buyers.
• B) Buyers and sellers in the business market build close, long-term relationships.
• C) Business markets contain more and larger buyers.
• D) Business buyer demand is derived.
• E) Demand in business markets is inelastic.

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Definitions:

Carbon-Carbon Triple Bond

A chemical bond between two carbon atoms involving six bonding electrons instead of the usual two, making it stronger and shorter than single and double bonds.

Binomial Populations

Populations characterized by two possible outcomes for each observation, such as success or failure, often modelled using the binomial distribution.

True Proportion

A statistical term that refers to the actual fraction of a population that possesses a specific attribute or outcome.

SRS

Simple Random Sample, a sampling method where each member of a population has an equal chance of being included in the sample.