Because orders in organizational buying are typically much larger than in consumer buying, buyers must often ________ when the order is above a specific amount, such as $5,000.
A. move up the time required to execute a purchase agreement
B. get competitive bids from at least three prospective suppliers
C. pay estimated sales taxes in advance
D. forgo identifying the members of the supplying center and their roles in the selling process
E. forgo the purchase because senior management is unlikely to approve it
Answer: B
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If interest-rate parity holds and the interest rate in Japan is 3 percent while in France it is 5 percent, then we would expect the yen per euro exchange rate to ____ percent.
A. appreciate by 8 B. appreciate by 2 C. depreciate by 2 D. depreciate by 8
A _____ can be thought of as a "tunnel" through the Internet or other public network that allows only authorized users to access company resources.
A. peer-to-peer LAN B. VPN C. WLAN D. WAN
Which of the following is a typical example of a variable cost?
a. Sales commissions b. Rent c. Depreciation d. Salaries
Each basic consumer right has led to more specific proposals from consumerists, such as nutritional and ingredient labeling
Indicate whether the statement is true or false