The Primary Reason Companies Have Placed an Emphasis on Buying

question 155

Multiple Choice

The primary reason companies have placed an emphasis on buying from minority- and women-owned suppliers and vendors is

• A) new federal government regulations require it.
• B) they can help a firm meet or exceed its objectives in sales, profits, or customer satisfaction.
• C) it is the socially responsible action expected of leading organizations.
• D) it can attract new target markets.
• E) these companies will work harder for less money.

---

Definitions:

Overseas Travel

The act of traveling to countries that are not one's own, often for vacation, work, or study purposes.

Economic Growth

An increase in the production of goods and services in an economy over a period, often measured by Gross Domestic Product (GDP) growth.

Debt Cancelling

The act of nullifying the obligation to repay borrowed money, often in the context of financial relief for individuals or countries.

McDonaldization

A term used to describe the increasing presence of fast food business models in various sectors of society, emphasizing efficiency, predictability, calculability, and control.