Business-to-business demand is said to be relatively inelastic.This means that _________.
A) As the price increases, demand goes up
B) Changes in demand are not significantly affected by the price
C) As demand goes down, price goes down with it
D) Demand and supply are independent of each other
E) Supply and demand are highly correlated
Correct Answer:
Verified
Q26: Business markets are characterized by having _.
A)Thousands
Q27: The nature of business-to-business markets requires _.
A)A
Q28: Companies that sell to other companies _.
A)Offer
Q29: Technology plays _ in connecting buyers and
Q30: A characteristic of B2B companies is that
Q32: The relationship between consumer demand for products
Q33: Business-to-business markets are _.
A)Identical to business-to-consumer markets
B)Similar
Q34: A straight rebuy _.
A)Reorders products that are
Q35: It is said that B2B demand is
Q36: Many companies use environmental scanning to identify
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