Firms Can Be Categorized by the Type of Purchasing Strategy

question 59

Multiple Choice

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

• A) Strugglers
• B) Actualizers
• C) Optimizers
• D) Satisficers
• E) Experiencers

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Definitions:

Deregulation

The reduction or elimination of government power in a particular industry, usually with the goal of increasing competition and innovation within that market.

Antisocial Gross-Out Humor

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Physical Flexibility

The ability of the body’s joints and muscles to move through their full range of motion without pain or stiffness.

In Living Color

A groundbreaking American sketch comedy television series that aired in the early 1990s, known for its diverse cast and culturally relevant themes.