The Decision Made by the Design Team and the Order

question 31

Multiple Choice

The decision made by the design team and the order placed by the procurement team indicate that the type of buy made by Claystone is a:

• A)new buy.
• B)supplier buy.
• C)modified rebuy.
• D)discount buy.
• E)straight rebuy.

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Definitions:

Scarcity Principle

A psychological and economic principle stating that limited supply of a commodity increases its demand and perceived value.

Fast-approaching-deadline Technique

A time management strategy emphasizing the urgency and priority of tasks as deadlines approach, aiming to enhance productivity.

Scarcity

A situation in which unlimited wants exceed the limited resources available to fulfill those wants, often heightening the item's value.

Pique Technique

A persuasion strategy that aims to capture people's interest by making an unusual request or framing a proposition in an intriguing way.