Which of the Following Activities Does B2B Include

question 22

Multiple Choice

Which of the following activities does B2B include?
i. Purchasing and procurement
ii. Customer service
iii. Supplier management
iv. Inventory management

• A) i, ii and iii
• B) ii, iii and iv
• C) i, ii and iv
• D) All of the given answers

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Definitions:

Consumption

The use of goods and services by households, contributing to their living standards and economic activity.

Midpoint Formula

A method used in economics and statistics to calculate the elasticity of a variable, or the percentage change in one variable in response to a percentage change in another.

Price Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in its price, indicating sensitivity to price changes.

Quantity Demanded

The entire quantity of a product or service that buyers are prepared and have the capacity to buy at a given price point.