It is said that B2B demand is more _____________ in general than B2C demand for products or services.

Question

Quizplus · Accepted Answer

B2B demand is generally inelastic, meaning that changes in price or availability do not have a significant impact on demand. This is because businesses that are buying products or services are generally doing so for operational purposes, and cannot easily switch to substitutes or different suppliers. In contrast, B2C demand is often more elastic, as consumers have more options and can choose to delay or forego purchases if prices are too high or alternatives are available.

It Is Said That B2B Demand Is More _____________ in General