Which of the Following BEST Describes a Buying Centre

question 131

Multiple Choice

Which of the following BEST describes a buying centre?

• A) It regularly generates formal announcements of who is in the buying centre.
• B) It is typically on the formal organizational chart under the vice-president for operations.
• C) It refers to all those organizational members who become involved in the purchasing process.
• D) It will be composed of the same decision makers as long as the purchasing process lasts.

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Definitions:

Triangle Arbitrage

A riskless profit strategy that takes advantage of discrepancies between three foreign currencies in the forex market.

Spot Market

A market where financial instruments or commodities are traded for immediate delivery, as opposed to future or forward delivery.

Forward Market

A market in which participants agree to trade a financial instrument or physical commodity for future delivery at a specified price.

Absolute Purchasing Power Parity

A theory stating that identical goods and services in different countries should cost the same when priced in a common currency.