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QveST [7]
3 years ago
6

17 Select the correct answer. Which characteristic best describes organizational buying? A. The market contains huge numbers of

buyers. B. Buying is informal in nature. C. The sales cycle is often very short. D. Sellers regularly offer customized products.
Business
1 answer:
Kryger [21]3 years ago
3 0

Answer:

The market contains huge numbers of buyers.

Explanation:

Organization buying is the process through which formal institutions establish the basis for purchasing products or services. It involves identifying, evaluating, and picking the ideal option from the available brands and suppliers. A typical organization will have a team of skilled workers directly or indirectly involved in the buying process.  Businesses that purpose to maximize profits will go the extra mile to get the best deals on their purchases.

Organization buying will involve the participation of many people.  Common characteristics of organization buying are

  • Several people in the organization influence buying
  • The organizational buyers are qualified professionals in purchasing.
  • A lot of purchasing occurs in direct dealing with producers.
  • The purchases are in large quantities
  • Close relationships and service are required.
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The marginal seller is the seller who Group of answer choices cannot compete with the other sellers in the market. would leave t
Sophie [7]

Answer:

would leave the market first if the price were any lower.

Explanation:

Utility can be defined as any satisfaction or benefits a customer derives from the use of a product or service.

Thus, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.

In Economics, The law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.

A marginal seller refers to an individual or business firm that is most willing to sell his or her goods and services at a price that is typically equal to their economic cost while forfeiting producer surplus.

A producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.

Hence, a marginal seller is the seller who would leave the market first if the price were any lower.

8 0
3 years ago
When you use multiple worksheets in Excel and you retrieve information from one to go to into another
scoundrel [369]

Answer:

A. Start by using the = in the cell where you wish to put the information.

Explanation:

Click the cell you want to place the information, then enter the " = " sign in it. Move the cursor to the sheet from which you want to retrieve information and click the cell with the information you want to retrieve. Automatically excel displays that information on the first sheet.

3 0
3 years ago
If the money supply exceeds money demand, people will ____ bonds which will cause bond prices to ____ and the nominal interest r
Stella [2.4K]

Answer:

A. buy; rise; fall

Explanation:

As for the provided information, we know,

As the supply of money exceeds the demand people will have more investing power, accordingly people will <u><em>buy</em></u> more bonds,

as more and more people will try to buy the bonds the price for bond because of high demand will automatically due to demand and supply proportion will <em><u>rise,</u></em>

and then to control the demand of bond, and control the purchase of bond, the nominal interest rate provided on bonds will <em><u>fall.</u></em>

5 0
3 years ago
Which of the following equals the amount of public​ saving?
ollegr [7]

Answer:

The answers are:

  • A) Government tax revenue minus the sum of government purchases and transfer payments to households.
  • B) a budget surplus

Explanation:

The formula to calculate public saving is (T - G - TR).

  • T stands for all the government revenue through taxes and tariffs.
  • G stands for all the government spending including purchase of goods and provision of services.  
  • TR stands for all the government transfers including payments to individuals and households through social programs (including social security).  

Budget surplus is the same as public saving.

3 0
3 years ago
The real-balances effect suggests that a
Anettt [7]

Answer:

A

Explanation:

real-balance effects do not have to so with the valuation of financial assets.

8 0
3 years ago
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