Which of the following statements describes a market characteristic of B2B buying?
A) Demand for goods is elastic and is affected by the price changes in the short run.
B) The number of business buyers is higher than the number of buyers in B2C markets.
C) Consumers buy goods to satisfy their own individual or household needs.
D) Buyers are heavily influenced by personal tastes and brand reputation.
E) The size of the orders is substantially larger than consumer purchases.
Correct Answer:
Verified
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