In Which of the Following Types of Organizations Are Buyers

question 38

Multiple Choice

In which of the following types of organizations are buyers most likely to be less innovative in order to maintain acceptance and status within the organization?

• A)Adaptive
• B)Lethargic
• C)Supportive
• D)Autonomous

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Definitions:

Quantity Supplied

The quantity of a product or service that suppliers are ready and capable of offering for sale at a specific price point.

Quantity Demanded

The total number of units of a good or service that consumers are willing and able to purchase at a given price in a given time period.

Increase in Demand

A situation in which more of a product or service is desired, leading to a shift of the demand curve to the right.

Ceteris Paribus

A phrase in Latin that translates to "with all other conditions remaining the same," employed to examine the impact of a single variable while holding others constant in economic studies.