Which of the following is true about business purchases?

Question

Quizplus · Accepted Answer

Business purchases typically involve more complex products, larger quantities, and higher stakes than consumer purchases, which require more professional purchasing effort.

Answer: B
 Business purchases often require input from multiple decision makers within an organization, whereas consumer purchases are typically made by one individual or a small group of individuals.

Answer: C
 Purchasing agents or procurement specialists are often involved in business purchases to ensure that the organization is obtaining the best value for its money.

Answer: FALSE for D and E. 
 Business purchases typically involve more technical and economic considerations than consumer purchases, and they also tend to be more formal and take longer to complete.

Which of the Following Is True About Business Purchases