Demand Aggregation Combines Purchase Requests from Multiple Buyers into a Single

question 102

True/False

Demand aggregation combines purchase requests from multiple buyers into a single large order, which justifies a discount from the business.

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Definitions:

Representativeness heuristic

A cognitive shortcut used when making judgments about the probability of an event under uncertainty, based on how similar it is to a typical case.

Team leader

A person appointed or recognized within a group who guides, inspires, and coordinates the efforts towards achieving team objectives.

Accessibility heuristic

A cognitive shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.

Decision method

Refers to the systematic process or technique used to make choices or solve problems.