Organizational Buyers Are Described as

question 68

Multiple Choice

Organizational buyers are described as

• A) only companies that purchase raw materials and natural resources for manufacturing.
• B) employees who purchase household items for their personal use.
• C) any individual or group making a purchase worth over $100,000.
• D) manufacturers, retailers, or government agencies that buy products for their own use or for resale.
• E) any organization that uses products purchased or meant for a household.

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Definitions:

Antitrust Cases

Legal disputes focused on stopping or managing businesses that violate competition laws designed to promote market fairness and prevent monopolies.

Herfindahl Index

A measure of market concentration and competition, calculated as the sum of the squares of the market shares of all firms within an industry.

Clayton Act

A U.S. antitrust law enacted in 1914 aimed at promoting fair competition and preventing monopolies.

Herfindahl Index

A measure of the size of firms in relation to the industry and an indicator of the amount of competition among them.