The Primary Buying Objective for Business Firms Is Usually to

question 147

Multiple Choice

The primary buying objective for business firms is usually to

• A)increase profits through increasing costs and increasing revenues.
• B)increase profits through reducing costs and decreasing revenues.
• C)increase profits through reducing costs or increasing revenues.
• D)maintain profits through reducing costs and increasing revenues.
• E)reduce profits through reducing costs and reducing revenues.

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Definitions:

Cohesive Group

A group in which members feel bonded together, promoting mutual respect, agreement, and support for each other.

Groupthink

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

Outside Opinion

Perspectives or advice coming from individuals not directly involved in a situation or issue.

Pressure To Conform

The social influence that encourages individuals to match their attitudes, beliefs, or behaviors to group norms.