Which of the Following Firms Is an Example of a Consensus

question 101

Multiple Choice

Which of the following firms is an example of a consensus buying centre?

• A)a manufacturing firm in which the head of the finance team decides on the value of the bid after a detailed discussion with top management
• B)a construction firm which will finalize a particular plan only if it is approved by most of the qualified engineers who are part of the designing team
• C)a mining firm in which the head of the buying centre decides to buy equipment from a particular supplier, as most of the participants are satisfied with the proposal of this supplier
• D)a car company which decides on a particular tire supplier after receiving the approval of all the experts who were part of the decision-making committee
• E)a consulting firm in which the head of the recruitment team makes the final decision on
• Recruiting a candidate, irrespective of the decision made by other interviewers

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Definitions:

Passage of Title

The legal process or moment when ownership of property or assets is transferred from one party to another.

Leases

Contracts in which one party, the lessor, grants the other party, the lessee, the right to use a property, vehicle, or other asset for a specific period in exchange for payment.

Title

A legal term referring to the rightful ownership of property, including rights of possession, use, and transfer.

Identified

Recognized or distinguished as being a particular entity or belonging to a specific category or group.