Which of the following statements describes the nature of products in business-to-business (B2B)markets?
A)The products sold in these markets are mainly finished goods assembled by firms.
B)The products are sophisticated and must conform to technical standards of the buyer.
C)There is no time-bound delivery of products in B2B markets.
D)Consumers buy the products from B2B markets for their own personal consumption.
E)Technical assistance and after-sale service is not mandatory for products in B2B markets.

Question

Quizplus · Accepted Answer

B2B products are typically highly specialized and technical, and must meet the specific technical standards of the buyer. They may also require customization or integration with other systems, which makes the buying process more complex than in consumer markets.

Which of the Following Statements Describes the Nature of Products