Business Markets and Business Buyer Behavior
50 questions available
Questions
What type of business demand ultimately derives from the demand for consumer goods, as exemplified by the demand for Corning's Gorilla Glass being dependent on consumer purchases of devices like laptops and smartphones?
View answer and explanationIn the business buying process, which of the following is a routine purchase where the buyer reorders something without any changes?
View answer and explanationWho are the members of a buying organization that will actually use the purchased product or service and often initiate the buying proposal?
View answer and explanationWhat is the first stage in the eight-stage business buyer decision process?
View answer and explanationWhat is the term for online and digital purchasing in a business-to-business context, which has grown rapidly in recent years?
View answer and explanationThe institutional market is characterized by which of the following features?
View answer and explanationCompared to consumer markets, business markets typically have which of the following characteristics?
View answer and explanationIn the business buying process, individuals who control the flow of information to others, such as purchasing agents who can prevent salespersons from seeing users or deciders, are known as what?
View answer and explanationWhat is the term for the business buying situation where a buyer wants to modify product specifications, prices, terms, or suppliers?
View answer and explanationAccording to the text, what is the practice of systematically developing networks of supplier-partners to ensure a dependable supply of products and materials?
View answer and explanationWhat is the second stage of the business buying process, where a buyer describes the general characteristics and quantity of a needed item?
View answer and explanationWhich of the following is an example of an environmental factor influencing business buyer behavior?
View answer and explanationThe strategy of buying a packaged solution to a problem from a single seller, avoiding all the separate decisions involved in a complex buying situation, is known as what?
View answer and explanationWhat is the final stage in the business buying process?
View answer and explanationHow many buying units does the U.S. government contain, making it the world's largest buyer of goods and services?
View answer and explanationBusiness marketers often promote their products directly to final consumers to increase business demand. This is a response to what characteristic of business markets?
View answer and explanationIn the context of the buying center, who are the people who often help define product specifications and provide information for evaluating alternatives, with technical personnel being particularly important in this role?
View answer and explanationWhat type of buying situation presents the marketer's greatest opportunity and challenge, as it involves a company buying a product or service for the first time?
View answer and explanationThe stage of the business buying process in which the buyer tries to find the best vendors is known as what?
View answer and explanationWhat is the primary benefit of business-to-business e-procurement for buyers?
View answer and explanationAccording to the text, how much does the U.S. government purchase in goods and services each year?
View answer and explanationWhich of the following is NOT listed as a major influence on business buyer behavior in the chapter's model?
View answer and explanationIn the case of a complex purchase in a large company, the buying center may include how many people?
View answer and explanationAn approach to cost reduction where components are studied carefully to determine if they can be redesigned, standardized, or made by less costly methods is called what?
View answer and explanationWhat is the main reason that B-to-B marketers for a company like Maersk Line, a container shipping company, would engage in social media marketing?
View answer and explanationHow many criminal corrections inmates are there in the United States, representing a huge institutional market?
View answer and explanationWhich of the following best describes the buying decision process for a business buyer in a straight rebuy situation?
View answer and explanationWhat is the key difference between business markets and consumer markets regarding the nature of the buying unit?
View answer and explanationWhich individual in the buying center has the formal or informal power to select or approve the final suppliers?
View answer and explanationWhat is the third stage of the business buying process, where the buying organization develops the item's technical specifications?
View answer and explanationWhich of the following is a potential problem with B-to-B e-procurement?
View answer and explanationApproximately how many years did it take for IBMer Vivek Gupta to secure the large contract with Vodafone in India?
View answer and explanationOne of the main differences between business and consumer markets is that business demand tends to be more what?
View answer and explanationThe business buying process tends to be more _______ than the consumer buying process.
View answer and explanationWhen IBM runs its 'Cognitive Business: Outthink' campaign, it is positioning itself as a company that does what?
View answer and explanationWhat type of market do schools, hospitals, and prisons belong to?
View answer and explanationWhat is the primary characteristic of buying in the government market?
View answer and explanationIn the business buying model, which of the following is an example of an 'other stimuli' affecting the buying organization, as opposed to a 'marketing stimuli'?
View answer and explanationAn approach where business marketers work closely with customers from helping define problems to finding solutions and supporting after-sale operation is a key aspect of which trend?
View answer and explanationIn the stage of supplier selection, what does the buying center often do?
View answer and explanationWhat is one of the main advantages of creating extranet links with key suppliers for e-procurement?
View answer and explanationWhat is the average spending per prisoner annually in the U.S. prison system, an example of an institutional market?
View answer and explanationIn a new task buying situation, the buyer makes how many decisions compared to other buying situations?
View answer and explanationWhat is the primary reason business-to-business marketers like IBM now focus on partnering with customers to solve their problems?
View answer and explanationAccording to the text, what percentage of its sales did P&G make from Walmart?
View answer and explanationWhat type of market are schools, hospitals, and nursing homes part of?
View answer and explanationAccording to the text, what is the value of IBM, the most valuable B-to-B brand in the world?
View answer and explanationHow many major types of buying situations are there in business markets?
View answer and explanationWhat is the first stage in the business buying process?
View answer and explanationWhat is the final stage in the business buying process?
View answer and explanation