Which of the Following Firms Is an Example of a Consensus

question 122

Multiple Choice

Which of the following firms is an example of a consensus buying centre?

• A)A manufacturing firm in which the head of the finance team decides on the value of the bid after a detailed discussion with top management
• B)A construction firm that will finalize a particular plan only if it is approved by most of the qualified engineers who are part of the designing team
• C)A mining firm in which the head of the buying centre decides to buy equipment from a particular supplier, as most of the participants are satisfied with the proposal of this supplier
• D)A car company that decides on a particular tire supplier after receiving the approval of all the experts who were part of the decision-making committee
• E)A consulting firm in which the head of the recruitment team makes the final decision on recruiting a candidate, irrespective of the decision made by other interviewers

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Definitions:

Futures

Legal agreements that compel the purchaser to buy, or the seller to dispose of, an asset at an agreed price and date in the future.

Pounds

The currency unit of the United Kingdom, also known as the British pound sterling, used as a medium of exchange.

Futures Contracts

An agreement to buy or sell a specified quantity of a commodity or financial instrument at a predetermined price at a specified time in the future.

Profit or Loss

The financial result of a company's operations and activities for a specific period, indicating the difference between revenues and expenses.