Business buyers often develop ________, which are written descriptions of the quality, size, weight, warranty, and delivery requirements for a purchase

A) requests for quotations
B) requests for proposals
C) vendor analyses
D) product specifications
E) evaluative metrics


D

Business

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Africa represents a huge untapped market for shoes since most people walk barefoot. Thus, it will be easy to alter entrenched consumer behavior pattern if shoes are available

Indicate whether the statement is true or false

Business

________ is the ratio of the percentage change in volume to the percentage change in price

A) Market demand B) Market share needed C) Price elasticity D) Average selling price E) Volume sold

Business

A company recognizes the need for a new database management system. During the process of purchasing the new system, who is most likely to be concerned with installation timing, and after-sale support?

A) the initiator B) the user C) the decider D) the purchaser

Business

Which of the following is a major complaint of multinationals operating in Europe?

A) each country shows favoritism toward its nationals B) volatility of spending due to economic swings and cycles C) required paperwork D) bureaucracy E) decision-making delays

Business