Mike's,a Chain of Department Stores,regularly Purchases Plastic Bags from a Certain

question 15

Multiple Choice

Mike's,a chain of department stores,regularly purchases plastic bags from a certain supplier.The store decides to switch to less expensive bags made of biodegradable plastic.The change will promote an environmentally-friendly image for the department store and cut costs.This approach to cost reduction most likely occurred in the ________ stage of the business buying process.

• A) problem recognition
• B) general need description
• C) product specification
• D) supplier search
• E) proposal solicitation

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Definitions:

Groceries

Items of food and other goods sold by a grocer or supermarket, typically for household consumption.

Gasoline

A flammable liquid derived from petroleum, predominantly used as fuel in internal combustion engines.

Flow Variable

A quantity that is measured over a specified period of time, contrasting with stock variables which are measured at one specific time.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including currency, coins, and balances held in checking and savings accounts.