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- Business markets and business buyer behavior12:
- Business market demand is derived, inelastic, and widely fluctuating.
- Business buyers usually are well informed about what they are buying.
- Business market demand is analyzed by evaluating the number and kinds of business users and their buying power.
- Business buying, or purchasing, has taken on greater strategic importance.
- Business markets contain fewer but larger buyers.
- Business customers are more geographically concentrated.
- Demand in many business markets is more inelastic – not affected as much in the short run by price changes.
- Demand in business markets fluctuates more, and more quickly.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Business market demand generally is derived, inelastic, and widely fluctuating. Business buyers usually are well informed about what they are buying. Business market demand is analyzed by evaluating the number and kinds of business users and their buying power. Business buying, or purchasing, has taken on greater strategic importance.highered.mheducation.com/sites/0073016349/stud…Business markets contain fewer but larger buyers Business customers are more geographically concentrated Business buyer demand is derived from final consumer demand Demand in many business markets is more inelastic – not affected as much in the short run by price changes Demand in business markets fluctuates more, and more quicklyacnotes.weebly.com/uploads/2/9/9/7/2997231/chap… - People also ask
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