The Primary Reason Companies Have Placed an Emphasis on Buying

question 168

Multiple Choice

The primary reason companies have placed an emphasis on buying from minority- and women-owned suppliers and vendors is because

• A)new federal government regulations require it.
• B)they can help a firm meet or exceed its objectives in sales,profits,or customer satisfaction.
• C)it is the socially responsible thing to do.
• D)it can attract new target markets.
• E)these companies will work harder for less money.

---

Definitions:

Altruism

The selfless concern for the well-being of others without expecting any reward or benefit in return.

Egoism

An ethical theory that treats self-interest as the foundation of morality.

Reciprocity Principle

A social norm suggesting that people are likely to respond to actions with similar actions, contributing to cooperation and social exchange.

Compliance

Superficial, public and transitory change in behaviour and expressed attitudes in response to requests, coercion or group pressure.