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:

Legal Assistants

Professionals who support lawyers in various tasks ranging from research and document drafting to case management.

Confusion

The state of being bewildered or unclear in one’s mind about something.

Private Individual

A person who is not acting as part of their duties in a government or corporate entity; a civilian or private citizen.

Building Contractor

A professional or company responsible for the construction, renovation, or repair of buildings, overseeing project management and execution.