A Vendor Is MOST Likely to Make a Sale If

question 2

Multiple Choice

A vendor is MOST likely to make a sale if the buyer has bought from the vendor before and is doing:

• A) straight rebuy buying.
• B) selective buying.
• C) multiple task buying.
• D) modified rebuy buying.
• E) new-task buying.

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Definitions:

Investment

Assigning financial resources with the aim of achieving returns or making a profit.

Desired Return

The target profit or income level that an investor or business aims to achieve on an investment or project.

Target Cost

The estimated price for a product that would allow a company to achieve a desired profit margin while remaining competitive in the market.

Useful Life

The estimated duration an asset is expected to be functional and useful before it needs to be replaced or becomes obsolete.