Safeway Supermarkets Recently Placed an Order with the Kahn Corporation

question 98

Multiple Choice

Safeway Supermarkets recently placed an order with the Kahn Corporation for hotdogs. The typical weekly order is for 10 cases; however, since the upcoming weekend includes a holiday, this time Safeway is ordering 100 cases of hotdogs. Safeway orders this product on a regular basis. What type of purchase does this week's purchase represent?

• A) New task
• B) Repetitive
• C) Institutional
• D) Straight rebuy
• E) Modified rebuy

Grasp the role of opportunity cost in economic decisions.

Explain the characteristics and benefits of a market economy.

Describe the implications of private ownership and free exchange.

Understand the economic rationale for specialization and division of labor.

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Definitions:

Task Forces

Special groups formed temporarily to address specific issues or problems within an organization.