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:

Maquiladoras

Factories in Mexico, typically owned by foreign companies, that import raw materials and produce goods for export, benefiting from lower labor costs.

Manufacturing Plants

Facilities where raw materials are transformed into finished goods through various processes and machinery.

Duty-Free

A retail environment where goods are sold to international travelers without the inclusion of certain local or national taxes and duties.

Central-Planning Economy

An economic system where the government or central authority makes all decisions regarding the production and distribution of goods and services.