The Group Normally Involved in the Purchase Decision for an Organization

question 48

Multiple Choice

The group normally involved in the purchase decision for an organization is called a:

• A)buying center.
• B)decision center.
• C)buying department.
• D)decision maker.

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Definitions:

Writing Requirement

A legal stipulation that certain contracts must be in written form to be enforceable.

Modern Firms

Contemporary companies characterized by their innovative approaches, adaptation to technology, and modern organizational structures.

Foreign Countries

Nations or territories outside of one's own country's jurisdiction, often governed by distinct legal systems and cultural practices.

Agency Importance

The significance of an agency relationship where one party (the agent) is authorized to act on behalf of another (the principal) in dealings with third parties.