A Buying Center Is Most Often

question 51

Multiple Choice

A buying center is most often:

• A)a committee formed to meet to make a purchase decision or decisions
• B)a group of people who perform the purchase decision roles without a formal structure
• C)a department that controls all purchases for a given company
• D)a person,usually a controller or purchaser,who has the final say in a purchase decision
• E)a warehouse or facility the receives all the purchases for a company and forwards them to the person who ordered them

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Definitions:

Price Decrease

A reduction in the cost at which goods or services are sold in the market.

Demand

The capacity for purchasing goods or services that people demonstrate readiness and financial ability for, at diverse price levels, during a certain timeframe.

Law Of Demand

The economic principle stating that as the price of a good or service increases, consumer demand for the good or service will decrease, and vice versa.

Income Increases

A situation wherein individuals or entities experience a rise in their earnings or profits over a certain period.