Institutions constitute another important market. Institutional buyers include a wide variety of organizations, such as schools, hospitals, libraries, foundations, clinics, churches, and not-for-profit agencies. A small software company develops computer programs for different business institutions. Which of the following challenges can this company anticipate?
A) Institutions do not have buying centers.
B) Different institutions have varying buying practices.
C) Some institutions employ a purchasing manager to make decisions.
D) Social media and marketing make institutional buying more complex.
E) Institutional businesses sometimes join cooperative associations to pool their purchases.
Correct Answer:
Verified
Q73: Which of the following is a distinction
Q74: Connor is a sales representative with Sherwin
Q75: Kendra is the office manager for a
Q76: Amy works for a small business firm
Q77: Tiffany is the purchasing manager for electronic
Q79: You are a sales representative for a
Q80: Chris works for Aon, a large commercial
Q81: For more than 20 years, your company
Q82: Based on your extensive knowledge of electronics,
Q83: You're a marketer for a wholesale flower
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents