Loose Leaf for M: Marketing
Loose Leaf for M: Marketing
6th Edition
ISBN: 9781260158038
Author: Dhruv Grewal Professor, Michael Levy
Publisher: McGraw-Hill Education
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Chapter 7.5, Problem 1PC
Summary Introduction

To determine: The difference between new buy, straight rebuy and modified rebuy.

Introduction: Buying center is additionally known as decision-making units. Under the buying center, all the member of the organization is involved who have the power of making a buying decision for particular goods and services.

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Explanation of Solution

Buying situations and their difference are as explained below.

  • New buy is a part of buying situation in which a customer purchase new goods and services from the seller first time due to which an individual and an organization do not have any experience with the purchased item.
  • Modified rebuy means that buyer has purchased the similar kind of product which had purchased in the past.
  • Straight rebuy means that a buyer and buying organization has purchased the addition number of the product which had been purchased in past.

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