The Partnering for Success Feature in Chapter 8 Focuses on Buying

question 28

Multiple Choice

The Partnering for Success feature in Chapter 8 focuses on buying groups, and recommends that small businesses seek out buying groups to participate in. What is a "buying group" in the context of the feature?

• A) A partnership that bands small businesses together to attain volume discounts on common products and services that they buy
• B) A partnership that bands small businesses together to collectively make the commitment to "buy local" at every available opportunity
• C) A partnership that bands small businesses together to get the best prices possible from foreign importers and manufacturers
• D) A partnership that bands small businesses together to get the best possible terms from finance companies
• E) A partnership that bands small businesses together to get the best possible rates on property and liability insurance

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Definitions:

John F. Kennedy

The 35th President of the United States, serving from 1961 until his assassination in 1963, known for his charismatic leadership during the Cold War era.

Communist Forces

Armed groups or military units that operate under the ideology of communism, often in the context of civil conflicts or wars.

South Vietnam

The former, non-communist Republic of Vietnam that existed from 1954 until 1975, located in Southeast Asia and opposed to North Vietnam during the Vietnam War.

Chinese

Relating to China or its languages, culture, or people, with Mandarin being the most widely spoken language.