Unlike buyers in business markets, buyers in consumer markets tend to:
a. purchase in much larger quantities.
b. generate more stable demand trends.
c. approach purchasing more informally.
d. involve more people in a single purchase decision.
ANSWER: c
Buyers in consumer markets tend to approach purchasing more informally. Unlike consumers, business buyers usually approach purchasing rather formally. Businesses use professionally trained purchasing agents or buyers who spend their entire career purchasing a limited number of items.
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Wagner's Bookstore acquires a 6% $12,000 certificate of deposit on September 1 . The term of the CD is six months. At that time, all principal and accrued interest will be paid in cash. Indicate the effect on the financial statements at December 31
a. Interest Receivable increases $240, Interest Revenue increases $240 b. Interest Receivable increases $360, Interest Revenue increases $360 c. Interest Receivable increases $480, Interest Revenue increases $480 d. Interest Receivable increases $720, Interest Revenue increases $720
Why would a company create a knockoff of another product?
What will be an ideal response?
While the majority of claims against companies come from unethical individuals, companies must still respond because of the few who believe they have a legitimate claim
Indicate whether the statement is true or false
A section in a contract that ensures that providers of goods and services do not encounter unreasonable financial hardship as a result of uncontrollable increases in the costs of or decreases in the availability of something required to deliver products to customers is referred to as a(n)
A. escalator clause. B. materials clause. C. protective clause. D. hardship clause. E. control clause.