Match each item with the correct statement below.
-_____ results when the demand for a product depends on the demand for another product used in combination with it.

Question

Quizplus · Accepted Answer

Joint demand is the type of demand where the demand for one product is dependent on the demand for another product used in combination with it.

Answer: J
 Value analysis is a process of evaluating all aspects of a product or service to determine its total cost and overall value.

Answer: M
 Reciprocity is a situation where two organizations agree to purchase from each other on a regular basis.

Answer: S
 A buyer is the person or organization responsible for making purchases.

Answer: T
 Customer-based segmentation is a marketing strategy that divides customers into groups based on their specific needs, preferences, and behaviors.

Answer: R
 Influencers are individuals or groups that have the ability to affect the purchasing decisions of others.

Answer: H
 Inelastic demand is when the quantity demanded of a product remains relatively constant, even if the price changes.

Answer: I
 Outsourcing is the practice of having another company or individual perform a task or service that is normally done in-house.

Answer: N
 Vendor analysis is a process of evaluating and selecting suppliers to ensure they meet the needs and requirements of an organization.

Answer: B
 Trade industries are industries that involve the exchange of goods and services between countries or regions.

Answer: D
 Nearshoring is the practice of outsourcing to a location closer to the home country of the hiring company.

Answer: A
 Merchandisers are individuals or companies that purchase and sell goods for retail or wholesale purposes.

Answer: P
 Modified rebuy is a situation where a buyer wants to change one or more aspects of an existing purchase.

Answer: L
 Commercial market refers to the market for goods and services sold to businesses or organizations, rather than to individual consumers.

Answer: O
 Category advisor is a person or company that provides advice and insights to retailers or wholesalers regarding a specific product category.

Answer: F
 Global sourcing is the practice of sourcing goods and services from suppliers located around the world.

Answer: Q
 Demographic characteristics-based segmentation is a marketing strategy that divides customers into groups based on demographic factors such as age, gender, income, education level, etc.

Answer: K
 A gatekeeper is a person or group that controls access to information or resources within an organization.

Match Each Item with the Correct Statement Below