Question # 00004731 Posted By: smartwriter Updated on: 12/05/2013 03:52 PM Due on: 12/31/2013
Subject Business Topic General Business Tutorials:
Dot Image
121. T F The term business markets refers only to producer markets.
122. T F An example of a business market would be farmers.
123. T F Grocery stores and supermarkets are a part of producer markets.
124. T F Reseller markets consist of intermediaries that buy finished goods and resell them for
125. T F Wholesalers sell primarily to ultimate consumers.
126. T F There is little or no difference between wholesalers' customers and retailers'
127. T F Retailers purchase products and resell them to final consumers.
128. T F The increase in government purchases has resulted partly from the increase in the
number of services provided by the government.
129. T F Government markets, although complicated in their requirements, can be very
130. T F Institutional markets include state prisons.
131. T F Orders placed by business customers are usually smaller and more numerous than
consumer sales.
132. T F It is customary for contracts for raw materials and components to be negotiated
133. T F Reciprocal dealing is widespread because it is one of the few avenues not regulated
by the FTC, and it facilitates optimal purchases.
134. T F Ultimate consumers are generally more rational than business customers.
135. T F Business customers generally seek to obtain detailed information about a product
before purchasing it.
136. T F Business customers are forced to satisfy personal goals in pursuits that lie outside
their jobs.
137. T F Business purchasing agents may indirectly contribute to the satisfaction of their own
personal needs by helping their firms achieve organizational objectives.
138. T F When purchasing products, business customers are especially concerned about
quality, service, price, and supplier relationships.
139. T F One very important consideration for business purchases is the type of packaging
140. T F Price is of concern to a business marketer primarily because of its psychological
impact on purchasing agents.
141. T F If a business product exceeds specifications, so much the better; the customer can
then be assured of obtaining a minimum level of acceptability.
142. T F In some cases, the types of services offered by a supplier may constitute a primary
advantage over suppliers of similar products.
143. T F On-time delivery is crucial to a business customer, since a late delivery may hold up a
production line or cause the firm to lose sales.
144. T F Inspection refers to a purchasing method in which a representative unit is taken from
a lot and evaluated, and the buying decision is based on the conclusions.
145. T F A new-task purchase is one in which the business makes an initial purchase of a new
146. T F Of the three types of business purchases, the straight rebuy purchase usually requires
the most information.
147. T F Industrial demand derives from consumer demand.
148. T F In the long run, business demand becomes totally unrelated to consumer demand.
149. T F The demand for many business products is inelastic at the industry level.
150. T F For business products, the concept of inelasticity of demand applies equally to
industry demand for the product and to demand for an individual supplier.
Dot Image
Tutorials for this Question
  1. Tutorial # 00004528 Posted By: smartwriter Posted on: 12/05/2013 03:55 PM
    Puchased By: 2
    Tutorial Preview
    provided by the government.Ans: True129. T F Government markets, ...
    question_key2_6dec_5th_-_Answer.docx (11.77 KB)

Great! We have found the solution of this question!

Whatsapp Lisa