Which of the following statements about the structure of the business market is true?
A) Business buyer demand is derived from final consumer demand.
B) Demand in business markets fluctuates more and more quickly.
C) Business markets contain fewer but larger buyers/customers.
D) Demand in many business markets is more inelastic.
E) all of the above

Question

Quizplus · Accepted Answer

All the statements provided are true about the structure of the business market. Business buyer demand is indeed derived from final consumer demand, as businesses need to purchase goods or services to produce their own products or services that are ultimately sold to end consumers. Demand in business markets can fluctuate more and more quickly due to changes in consumer demand, economic conditions, and other factors. Business markets typically have fewer but larger buyers compared to consumer markets, where there are many individual consumers. Finally, demand in many business markets is more inelastic because businesses often need to purchase certain goods or services regardless of price changes to continue their operations.

Which of the Following Statements About the Structure of the Business