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Note: All question including Sec (A), Sec (B) and Sec(C) are compulsory.
1. The ________ consists of all the organizations that acquire goods and services used in the
production of other services or products that are sold, rented or supplied to others
a) Consumer Market
b) Corporate Market
c) Business Market
a) Business market
b) Consumer market
c) Both a and b
d) None of the above
. _________ is the demand for business goods which results from the demand for consumer goods.
a) Inelastic demand
b) Derived demand
c) Fluctuating demand
d) None of the above
8. Shoe manufacturers will not buy much more leather if the price of leather falls. Nor will they buy
much less leather if the price rises unless they can find satisfactory substitutes. It is an example of:
a) Derived demand
b) Fluctuating demand
c) Inelastic demand
d) None of the above
2. _________ put us into a frame of mind; liking or disliking an object, moving toward or away from it.
a) Habit
b) Belief
c) Attitude
d) None of the above
4. List Down all types of consumer buying decision behavior. Shortly explain two of them?