Which of the Following Statements About Online Buying in Organizational

question 21

Multiple Choice

Which of the following statements about online buying in organizational markets is true?

• A)Organizational buyers depend heavily on timely supplier information that can be conveyed quickly via Internet technology.
• B)Internet technology has been shown to substantially increase buyer order processing costs because of the use of expensive software.
• C)Business marketers have found that Internet technology increases marketing costs,particularly advertising expense.
• D)Online buying is unpopular and not ideal for a buyer in a lethargic firm.

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Definitions:

Output

The total amount of goods and services produced by an economy or a production process.

Guns And Butter

A term used in economics to represent the trade-off between a nation's investment in defense and civilian goods.

Increasing Opportunity Cost

A situation where producing more of one good or service leads to a larger increase in foregone production of another good or service.

Economic Growth

The increase in the inflation-adjusted market value of the goods and services produced by an economy over time, typically measured as the percent rate of increase in real GDP.