Which of the following is true of business markets?
A) Buyers are usually not skilled at comparing competitive product offerings.
B) Buyers have limited purchasing power.
C) Property rights, language, culture, and local laws are the most important concerns.
D) Products sold in such markets are usually highly standardized.
E) Business buyers purchase goods to make or resell a product to others at a profit.
E
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Most new-product activities are devoted to ________
A) changing the target markets B) developing new-to-the-world products C) introducing backward integration D) improving existing products E) changing the existing market dynamics
If one changes the contribution rates in the objective function of an LP problem,
A) the feasible region will change. B) the slope of the iso-profit or iso-cost line will change. C) the optimal solution to the LP will no longer be optimal. D) All of the above E) None of the above