NASCAR bills itself as the a. best marketing opportunity in ...

[Themember4]

NASCAR bills itself as the
 a. best marketing opportunity in sports.
  b. most popular form of entertainment in America.
  c. most inexpensive advertising in marketing.
  d. most popular form of product placement.

Question 2

Compare and contrast the three major types of purchases made by business customers.

[nguyenhoanhat]

Answer to Question 1

A

Answer to Question 2

Most business purchases are one of three types: new task, straight rebuy, or modified rebuy. Each type is subject to different influences and thus requires business marketers to modify their selling approaches accordingly. For a new task purchase, an organization makes an initial purchase of an item to be used to perform a new job or solve a new problem. A new task purchase may require development of product and vendor specifications and procedures for future product purchases. A straight rebuy purchase occurs when buyers purchase the same products routinely under approximately the same terms of sale. Buyers require little information for routine purchase decisions and tend to use familiar suppliers that have provided satisfactory service and products in the past. For a modified rebuy purchase, a new task purchase is altered after two or three orders, or requirements associated with a straight rebuy purchase are modified. A business buyer might seek faster delivery, lower prices, or a different quality level of product specifications.