Which of the following is true about business purchases?

Question

Quizplus · Accepted Answer

Business purchases involve more professional purchasing effort because the size and complexity of purchases are usually larger and require more formal procedures and negotiation with vendors.

Answer: B 
 Business purchases involve many participants in decision making, including purchasing agents, department managers, and executives, whereas consumer purchases typically involve only the customer.

Answer: C 
 This statement is incorrect as purchasing agents are usually involved in business purchases.

Answer: D 
 This statement is incorrect as business purchases involve more technical and economic considerations such as quality, reliability, durability, and cost-effectiveness compared to consumer purchases.

Answer: E 
 This statement is incorrect as business purchases are usually more formal and involve longer decision-making processes than consumer purchases.

Which of the Following Is True About Business Purchases