Table 8-16 -Refer to Table 8-16.Given the Information Above,what Can We Say

question 19

Multiple Choice

Table 8-16

-Refer to Table 8-16.Given the information above,what can we say has happened in the economy from 2015 to 2016?

• A)The price level has fallen.
• B)The price level has risen.
• C)The price level has remained constant.
• D)Not enough information is available to determine what has happened to prices.

---

Definitions:

Organizational Buying Criteria

The specific attributes or factors that a business considers when making a purchasing decision, such as price, quality, service, and supplier reputation.

Supplier's Products

The goods or services provided by a supplier to retailers or distributors for the purpose of resale or incorporation into another product.

Capabilities

The qualities, skills, or resources a person or organization has that enable them to perform or achieve certain actions or outcomes.

Buying Criteria

Buying criteria are the specifications and considerations that customers use to evaluate and decide on the purchase of products or services.