Instructions: Identify the Following Terms

question 33

Short Answer

Instructions: Identify the following terms:
National Trades' Union

---

Definitions:

Formal Authority

The power granted to an individual or organization by virtue of their position or role, enabling them to enforce rules or make decisions.

Buying Center

A group of individuals within an organization who collectively participate in the decision-making process regarding the purchase of goods and services.

Buyers

Individuals or organizations that purchase goods or services for personal use or for the purpose of resale.

Formal Authority

The power given to an individual or group based on their position within an organization's hierarchy.