When Does an Organization Use Modified Rebuy

question 9

Multiple Choice

When does an organization use modified rebuy? 

• A) When some aspects of the buying situation are unfamiliar
• B) When purchase involves a high priority product that is rarely bought
• C) When the organization practices just-in-time inventory management
• D) When purchasing policies, decisions, and procedures are constant

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Definitions:

Heuristics

Simple, efficient rules used by humans to make decisions and solve problems.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.

Stereotypes

Oversimplified generalized beliefs about a group of people that may not accurately represent the diversity within the group.