A Buying Center Refers to

question 36

Multiple Choice

A buying center refers to

• A) an online trading community that brings together buyers and supplier organizations to make possible the real-time exchange of information, money, products, and services.
• B) the department within a firm responsible for the logistics of placing, tracking, and delivering orders to other departments within the firm.
• C) the department within a firm responsible for the logistics of placing, tracking, and delivering orders to ultimate consumers.
• D) the group of people within an organization who participate in the buying process and share common goals, risks, and knowledge important to a purchase decision.
• E) the department within a firm that allows purchases to be made from a centralized location from multiple vendors at the same time.

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Definitions:

Indigestible Substances

Materials that cannot be broken down and absorbed by the digestive enzymes and system of an organism, often passing through the system largely unchanged.

Entropy

Measure of how much the energy of a system is dispersed.

Energy Conversion

The process of changing one form of energy into another, such as solar energy into electricity.

Increasing Entropy

The process by which the disorder or randomness in a system increases, often associated with the second law of thermodynamics.