Which of the Following Statements Regarding Organizational Goods Is True

question 35

Multiple Choice

Which of the following statements regarding organizational goods is true?

• A) Organizational goods are usually purchased as an end in themselves.
• B) The channels of distribution for these goods are longer than those for consumer goods.
• C) Organizational goods include anything that businesses need for their day-to-day operation.
• D) A primary purchasing motive for organizational goods is convenience.

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Definitions:

Restraint Of Trade

Agreement between firms to fix prices, injure competition, or prevent others from entering a market.

Exclusive Bargaining Representative

A labor union that has the sole authority to negotiate the terms of employment on behalf of all employees in a specific workplace.

Trade Union

An organization formed by workers in related sectors to protect their rights, negotiate wages, and improve working conditions.

Common Law

A legal system characterized by case law and precedent, where the principles and rules of law emerge from judicial decisions over time.