Firms Can Be Categorized by the Type of Purchasing Strategy

question 186

Multiple Choice

Firms can be categorized by the type of purchasing strategy they use.Which of the following usually contact familiar suppliers and place an order with the first that can meet product and delivery requirements?

• A) optimizers
• B) experiencers
• C) satisficers
• D) actualizers

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Definitions:

Metering

The process of measuring the consumption of utilities or services, such as electricity, gas, or water, typically for billing purposes.

Indirect Discrimination

Practices or policies that appear neutral but have a disproportionate negative effect on a particular group.

Metering Strategy

A pricing strategy where the usage of a product or service is measured and charged for based on the amount consumed.

Consumer Surplus

The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.