Which of the Following Statements Most Closely Describes the People

question 78

Multiple Choice

Which of the following statements most closely describes the people in the buying center of a medium-sized manufacturing plant?

• A)The composition of the buying center remains constant over long periods of time.
• B)The buying center avoids cross-functional teams whenever possible.
• C)The composition of the buying center depends on the specific item being purchased.
• D)The purchasing manager is an occasional member of the buying center.
• E)Most government units use a formal buying center to arrive at buying decisions.

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Definitions:

Trustee

A person or organization that holds and manages assets on behalf of others, under a legal agreement.

Distribution

The process of giving out products or goods to the final consumer or distributor.

Chapter 7 Liquidation

A bankruptcy process where a debtor's assets are sold off to pay creditors, leading to the closure of the business.

Insurance Company

A financial institution that provides various types of coverage to individuals and entities against potential future losses or damages.