_____ Are Unique Purchases Made Based on a Defining Characteristic

question 34

Multiple Choice

_____ are unique purchases made based on a defining characteristic for the consumer.The characteristic might be a real or perceive product feature such as Apple iPhone's easy user interface.

• A)Shopping goods
• B)Convenience goods
• C)Specialty goods
• D)Unsought goods
• E)None of these

Distinguish between different levels of corporate governance issues.

Understand the process and significance of implementing a stakeholder perspective in organizations.

Explain the ethical dimensions of business and their importance.

Identify the primary and secondary stakeholders of an organization.

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Definitions:

Groupthink

A mental occurrence among a group of individuals where the need for agreement or uniformity leads to illogical or ineffective results in decision-making.

Hidden Agendas

The secret wishes, hopes, desires, and assumptions hidden from the group. People often try to accomplish hidden agendas while pretending to care about the group goals.

Secret Wishes

Hidden desires or aspirations that an individual may not openly acknowledge or share.

Legitimate Power

Authority that is recognized and accepted by others within an organization or society, often derived from a position or role.