Which of the Following Is Indicative of the Purchase Decision

question 98

Multiple Choice

Which of the following is indicative of the purchase decision stage of the organizational buying decision process?

• A) The purchase decision is usually quick once the information search has been completed.
• B) Even after the bid is accepted, further negotiation is likely.
• C) Even if several vendors make it onto the bidder's list, ultimately only one supplier is chosen.
• D) If a supplier on the bidder's list is not selected, it is rarely told the reason(s) why it was rejected.
• E) Once an agreement has been formally reached, neither the buyer nor the seller is permitted to make changes to the terms of the contract.

---

Definitions:

Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash and deposits.

Aggregate-Demand Curve

A graphical representation showing the relationship between the total quantity of goods and services demanded across all levels of an economy and the overall price level.

Monetary Policy

The process by which a central bank controls the supply of money in an economy, often targeting interest rates to promote economic stability.

Fiscal Policy

A government's use of spending and taxation to influence the economy.