David purchased the first trailer for his company. He involved all of the company's department heads in the decision, created a list of potential specifications for the trailer, invited potential vendors to bid on this purchase, negotiated with vendors before the final purchase decision was made. This buying situation would most likely be classified as a

Answers

Answer 1

Answer:

A). New buy

Explanation:

As per the given descriptions, the given buying situation would most likely be characterized as a 'new buy.'  It reflects that David is purchasing it for the very first time and therefore, he has no previous experience of buying that product or its price and this is why he considers every possible factor that may affect the purchase like 'involving the company's department heads, a list of potential specifications for the trailer, invitation to potential vendors, negotiation with them,' etc.


Related Questions

Under which type of policy does the government reduce its expenditures and increase tax rates? A. contractionary monetary policy B. contractionary fiscal policy C. expansionary fiscal policy D. expansionary monetary policy

Answers

Answer:

B. contractionary fiscal policy

Explanation:

The government influences economic direction through fiscal policy measures of increasing or decreasing its expenditure and taxation. Therefore, fiscal policies involve the government's actions of adjusting its spending and taxation to achieve desired economic objectives.

Fiscal policies can either be contractionary or expansionary. Contractionary measures are applied to control rising inflation and moderate the rate of growth. These policies aim at reducing liquidity in the market, thereby achieving stable prices. A reduction in government spending and an increase in taxation reduces liquidity or money circulation.

Answer:

b

Explanation:

________is a skill that many marketers and advertisers use when trying to convince someone that a product is a good idea and that they need to purchase it. A. empathy B. sympathy C.punctual D. qpersuasion​

Answers

Answer:

D. Persuasion

Explanation:

They persuade people

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