Which of the following describes a business-to-business, or organizational, market?
A.
Purchases frequently made on impulse
B.
Purchases for individual or household consumption
C.
Purchases involving competitive bidding, price negotiations, and complex financial arrangements
D.
Many individual or household customers
E.
Demand based on consumer needs and preferences that is generally price-elastic, steady over time, and independent of demand for other products
Answer: Purchases involving competitive bidding, price negotiations, and complex financial arrangements