The place in the business buying behavior model where interpersonal and individual influences might interact is called the ?

Related Mcqs:

1. The Keynesian model is a good guide to ____ behavior and the classical model describes behavior in ______?

   A. long run, short run
   B. flexible imperfect markets
   C. short-term long run
   D. long run, imperfect markets

2. With whom would you associate the following quote” The business of business is business” ?

   A. Milton Friedman
   B. Adam smith
   C. Alfred Marshal
   D. Karl Marx

3. The Heckscher-Ohl in model rules out the classical model’s basis for trade by assuming that _________ is (are) identical between countries?

   A. factor endowments
   B. factor intensities
   C. technology
   D. opportunity costs

4. The hypothesis that people know the true model of the economy and that they use this model to form their expectations of the future is the ?

   A. Rational-expectations hypothesis
   B. Passive-expectations hypothesis
   C. adaptive expectations hypothesis
   D. lagged-expectations hypothesis.

5. _________ describes changes in an individual’s behavior arising from experience?

   A. Modeling
   B. Motivation
   C. Perception
   D. Learning

6. Which business device involves the creation of a new business by two or more companies often for a limited period of time ?

   A. multinational corporation
   B. international joint venture
   C. horizontal merger
   D. vertical merger

7. When economists use the term real business cycle theory they are suggesting that business cycles are caused by ?

   A. Shifts in aggregate supply
   B. changes in export demand due to the state of the world economy
   C. business confidence
   D. business expectations

8. The difference between bid (buying) rates and ask (selling) rates is called the ?

   A. profit
   B. arbitrage
   C. spread
   D. forward transaction

9. A set of interdependent organizations involved in the process of making a product or service available for use or consumption by the consumer or business user is called a(n) ?

   A. retailer
   B. wholesaler
   C. distribution channel
   D. logistics

10. Even through buying roles in the family change constantly the _________ has traditionally been the main purchasing agent for the family?

    A. wife
    B. husband
    C. teenage children
    D. grandparent