Primary Organizational Buying Objective Is to

question 5

Multiple Choice

primary organizational buying objective is to

• A) help the firm achieve its objectives.
• B) create an atmosphere of inclusiveness.
• C) help smaller companies stay in business.
• D) increase the proficiency of its buyers.
• E) balance inventory.

---

Definitions:

Unregulated Market

A market where economic activities are not controlled by government policies or restrictions.

Imperfect Information

A market condition where all parties do not have equal access to all relevant information, leading to inefficiencies.

Market Failure

A situation where the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Imperfect Information

A situation in which all parties in a transaction do not have the same information, leading to inefficiencies in markets.