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Business Markets and Business Buyer Behavior

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Questions

Question 1

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?

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Question 2

In the business buying process, which of the following is a routine purchase where the buyer reorders something without any changes?

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Question 3

Who are the members of a buying organization that will actually use the purchased product or service and often initiate the buying proposal?

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Question 4

What is the first stage in the eight-stage business buyer decision process?

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Question 5

What is the term for online and digital purchasing in a business-to-business context, which has grown rapidly in recent years?

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Question 6

The institutional market is characterized by which of the following features?

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Question 7

Compared to consumer markets, business markets typically have which of the following characteristics?

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Question 8

In 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?

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Question 9

What is the term for the business buying situation where a buyer wants to modify product specifications, prices, terms, or suppliers?

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Question 10

According to the text, what is the practice of systematically developing networks of supplier-partners to ensure a dependable supply of products and materials?

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Question 11

What is the second stage of the business buying process, where a buyer describes the general characteristics and quantity of a needed item?

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Question 12

Which of the following is an example of an environmental factor influencing business buyer behavior?

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Question 13

The 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?

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Question 14

What is the final stage in the business buying process?

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Question 15

How many buying units does the U.S. government contain, making it the world's largest buyer of goods and services?

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Question 16

Business marketers often promote their products directly to final consumers to increase business demand. This is a response to what characteristic of business markets?

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Question 17

In 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?

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Question 18

What 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?

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Question 19

The stage of the business buying process in which the buyer tries to find the best vendors is known as what?

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Question 20

What is the primary benefit of business-to-business e-procurement for buyers?

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Question 21

According to the text, how much does the U.S. government purchase in goods and services each year?

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Question 22

Which of the following is NOT listed as a major influence on business buyer behavior in the chapter's model?

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Question 23

In the case of a complex purchase in a large company, the buying center may include how many people?

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Question 24

An 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?

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Question 25

What 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?

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Question 26

How many criminal corrections inmates are there in the United States, representing a huge institutional market?

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Question 27

Which of the following best describes the buying decision process for a business buyer in a straight rebuy situation?

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Question 28

What is the key difference between business markets and consumer markets regarding the nature of the buying unit?

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Question 29

Which individual in the buying center has the formal or informal power to select or approve the final suppliers?

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Question 30

What is the third stage of the business buying process, where the buying organization develops the item's technical specifications?

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Question 31

Which of the following is a potential problem with B-to-B e-procurement?

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Question 32

Approximately how many years did it take for IBMer Vivek Gupta to secure the large contract with Vodafone in India?

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Question 33

One of the main differences between business and consumer markets is that business demand tends to be more what?

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Question 34

The business buying process tends to be more _______ than the consumer buying process.

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Question 35

When IBM runs its 'Cognitive Business: Outthink' campaign, it is positioning itself as a company that does what?

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Question 36

What type of market do schools, hospitals, and prisons belong to?

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Question 37

What is the primary characteristic of buying in the government market?

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Question 38

In 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'?

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Question 39

An 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?

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Question 40

In the stage of supplier selection, what does the buying center often do?

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Question 41

What is one of the main advantages of creating extranet links with key suppliers for e-procurement?

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Question 42

What is the average spending per prisoner annually in the U.S. prison system, an example of an institutional market?

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Question 43

In a new task buying situation, the buyer makes how many decisions compared to other buying situations?

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Question 44

What is the primary reason business-to-business marketers like IBM now focus on partnering with customers to solve their problems?

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Question 45

According to the text, what percentage of its sales did P&G make from Walmart?

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Question 46

What type of market are schools, hospitals, and nursing homes part of?

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Question 47

According to the text, what is the value of IBM, the most valuable B-to-B brand in the world?

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Question 48

How many major types of buying situations are there in business markets?

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Question 49

What is the first stage in the business buying process?

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Question 50

What is the final stage in the business buying process?

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