The Process to List Assets That You Believe Support Your

question 1

Multiple Choice

The process to list assets that you believe support your organization is called ________.

• A)Business planning
• B)Asset identification
• C)Making a balance sheet
• D)Organizational charting

Analyze the impact of opportunity cost in the context of free goods and services.

Distinguish between different types of costs and their relevance to economic decision-making.

Apply the principle of marginal analysis to determine optimal levels of activity.

Understand the role of opportunity cost in comparing the value of alternate choices.

---

Definitions:

Vendor Negotiation

The process of discussing, bargaining, and reaching agreements between a buyer and a seller regarding the terms of a purchase.

Buying Center

A group of individuals within an organization who participate in the buying decision process.

Gatekeeper

An individual or group that controls access to something, often functioning as a decision-maker who decides whether a message or information will be passed along.

Buying Center

A group of individuals within an organization who participate in the decision-making process for purchasing products or services.