Which Type of Company Typically Produces Its Own Inventory

question 204

Multiple Choice

Which type of company typically produces its own inventory?

• A)Manufacturer
• B)Service company
• C)Retailer
• D)Wholesaler

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Definitions:

Social Pressure

is the influence exerted by society or a social group on an individual to conform to group norms or behaviors.

Groupthink

A psychological phenomenon that occurs within a group of people, where desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Social Psychologists

Scientists who study how individuals think, influence, and relate to one another in social contexts.

Cohesiveness

The degree to which members of a group or social unit feel bonded together and committed to each other.