Members of the Buying Center at Kid's World, a Store

question 39

Multiple Choice

Members of the buying center at Kid's World, a store for children's clothing, are drawing up a list of desired supplier attributes and their relative importance. Next, they intend to compare several suppliers' proposals to these attributes. In which step of the business buying process is the buying center at Kid's World involved?

• A) general needs description
• B) proposal solicitation
• C) supplier selection
• D) order-routine specification
• E) performance review

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Definitions:

UCC

Stands for Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Assignments

Tasks, duties, or responsibilities allocated to someone, or the transfer of legal rights from one party to another.

Valid Assignment

Legally effective transfer of rights, property, or obligations from one party to another.

Consideration

Something of value that is exchanged between parties in a contract, a critical element for the contract to be legally binding.