Which of the following statement about the government market is true?
A. Governments buy a lot, but only certain products, and they can be safely ignored by most producers.
B. Competitive bids are uncommon because of mandatory bidding procedures.
C. Sales reps generally do not (and should not) write the specifications for government business.
D. Government is the largest customer group in the United States-spending about 30 percent of GDP.
E. All these statements are true.
Answer: D
You might also like to view...
A manufacturing company's balance sheet contains two inventory accounts: Materials Inventory and Finished Goods Inventory
Indicate whether the statement is true or false
In terms of copyright law, the use of copyrighted material in a satire or parody exemplifies ________.
A. the piracy problem B. copyright sharing C. the fair use doctrine D. copyright infringement
Providing immediate data ______________ is an advantage of wireless networks and includes the ability to have instant access to customer profiles, account history, and current order status, which can improve the quality of interactions with customers and business partners.
Fill in the blank(s) with the appropriate word(s).
No-par preferred stock has no stated face value, but its annual dividend is stated as a percentage of the market value
Indicate whether the statement is true or false