In the context of the context of types of business markets, which of the following statements is true?
A) Business buyers tend to be larger in number than consumer buyers.
B) Unlike business buyers, consumer market buyers are trained as purchasing agents.
C) Business markets and consumer markets are unrelated to each other.
D) Business buyers tend to be smaller in size than consumer buyers.
E) The demand for goods and services in the business market is more volatile than that of the consumer market.
Question 2
Which of the following statements concerning target costing is(are) accurate?
A) Japanese managers who pioneered the approach view target costing as a profit-management tool.
B) The approach is designed to reach market segments comprised of buyers who consistently select the lowest-priced alternative.
C) Target costing tends to move product developers toward products that include only the bare essentials.
D) All of the answer choices.
