Marge and Louellen Price Own a Cleaning Service

question 45

Multiple Choice

Marge and Louellen Price own a cleaning service.Marge and her office manager,Phyllis,want to install a time clock and stipulate that each employee must sign in and sign out using the clock.Louellen thinks the clock is a waste of time.She believes it is more efficient for their employees to go directly to their first work site rather than waste time coming to the central office.Two employees,Kari and Alicia,responded when asked what they thought of a time clock.Kari brought in research information showing how employees in various industries reacted to a time clock.In terms of the buying center,Kari was a(n) _____.

• A) gatekeeper
• B) user
• C) decider
• D) initiator

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Definitions:

Legal Cartel Theory

A hypothesis that explores the conditions under which regulatory frameworks and laws allow for the existence and operation of cartels, which are otherwise illegal agreements among competitors to control prices or supply in a market.

Production Costs

Production costs refer to the total expenses incurred in the manufacture of a product, including labor, materials, and overhead costs.

Natural Monopolies

Markets or industries in which the characteristics of the goods or services make it more efficient for a single company to supply all the demand.

Buyer-Seller Relationships

The dynamic interactions and transactions between buyers and sellers in a market, influencing the trading process and outcomes.