Buyers in the business market tend to _____ than buyers in the consumer market.
A. use reciprocity less
B. purchase in much smaller quantities
C. buy more products that have a reduced probability of being affected by derived demand
D. generate more stable demand trends
E. be much more geographically concentrated
Answer: E
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Regional trade agreements have been growing
A. to compensate for slow progress at the WTO's Doha Round. B. largely influenced by the U.S. and EU. C. at the behest of the WTO. D. because it is natural for neighbors to made trade agreements.
Arbitration differs from litigation in which of the following ways?
Arbitration lacks many of the procedural rules of a court proceeding. A) Decisions of an arbitrator, unlike a judgement of a court, are never binding on the parties. B) Arbitration is normally faster and cheaper than having a trial. C) Both A and C D) All of the above
Because practically all marketers provide some services, ____ typically do not exist in today's business environment.
A. pure goods B. pure services C. customer services D. service products E. tangible-dominant products
On January 1, Year 1, Melon Moving Company paid $55,000 to purchase a truck. The truck was expected to have a four-year useful life and a $5,000 salvage value. If Melon uses the straight-line method, the amount of book value shown on the Year 2 balance sheet is
A. $25,000 B. $12,500 C. $30,000 D. $42,500