The Evaluation and Selection of Products and Suppliers Are Affected

question 55

Multiple Choice

The evaluation and selection of products and suppliers are affected by the needs of both the organization and the individuals making the decision.These needs are categorized as:

• A) emotional and rational.
• B) formal and informal.
• C) verbal and nonverbal.
• D) external and internal.
• E) behavioral and attitudinal.

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Definitions:

Invisible Hand

A metaphor used by economist Adam Smith to describe the self-regulating behavior of the marketplace.

Free Market

An economic system where prices for goods and services are determined by open market and competition, without intervention from government.

Unseen Forces

Hidden or not immediately apparent factors that can influence outcomes and processes in various contexts.

Psychoanalytic Approach

A psychological theory and therapeutic method developed by Sigmund Freud that emphasizes unconscious motives and conflicts as drivers of human behavior.