Match Each Buying Role With Its Correct Description.

The person who handles the actual paperwork of the purchase. Correct Answer s 1 reduced trade barriers Free trade agreements like NAFTA and organizations like the EU and WTO exemplify the trend of reducing trade barriers 2 increased specialization among nations The growing importance of human capital provides an incentive for greater specialization 3 lower shipping costs Shipping costs have fallen significantly in the.


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An individual buying a soft drink will probably not barter the price down with the cashier.

. Match each buying role with the correct description. Buyer responsible for dealing with suppliers and placing orders eg purchasing agent Decider has the power to make the final purchase decision eg CEO Influencer has the ability to affect what is ordered such as setting order specifications. Implementation This person s is essential to the successful deployment of your solution.

The person who controls information or access or both to decision makers and influencers. Identify the requirement for a product within the company. The type of bank that typically serves to help firms raise money to invest Correct label.

Investment bank the type of bank citizens use to open a checking account or take out an auto loan Correct label. The person who first suggests or thinks of the idea of buying the particular product or service. However a store purchasing 10 cases each month will discuss price carefully with the soft drink producer and will likely pay a different price per unit than other grocery stores depending on volume shipping storage etc.

Influencer - Person who views persuade others. These are people with a role that requires them to focus on details. Match the different roles of people involved in the buying center with their responsibilities.

Thus we can distinguish five roles people might play in a buying decision. Decider - Person who ultimately determines the buying decision. 1 Demand is somewhat elastic.

User - Person who consumers or uses the product. Final approval This is the individual or committee that can say yes authorize the purchase and funding to buy. The person who ultimately determines any part of or the entire buying decision-whether to buy what to buy how to buy or.

Match each feature of an investment with the correct investment maturity date limited partner closing price flipping the amount a stock ended at for the day investing in a business without running it fixing up a property to sell it for a profit the date the bond expires and the. V Select One Providing liquidity Collecting and processing information. Six buying roles can be distinguished.

The person who first suggests buying the particular product or service. The person who ultimately determines any part of or the entire buying decision. They coordinate with the Purchase Requisition Interface Processing Monitor in the event of interface errors.

Pooling savings Lowering transactions costs borrow from lots of people and lend to a. A person who first suggests the idea of buying the particular product or service. These Buyer Agents must be well-acquainted with consumer behavior and how that behavior affects the needs of the company.

A person whose views influence other members of the buying center in making the final decision. Initiator - Person who first suggests buying the product. Functionally these roles cover the following perspectives.

Buyers have some time to adjust to a change in the market. Drag the tiles to the correct boxes to complete the pairs. Match each role of financial intermediaries with the correct description based on the book AND the 6pts Chapter Comments.

Commercial bank the Federal Reserve Correct label. So you have a short time to respond to a price change before you need to buy gas 2 Buyers have a significant. Buyer - Person who handles paperwork of purchase.

Specifically the details they pay attention to cover issues like contract language risk assessment security issues compliance etc. The Purchase Requisition Processor also makes changes and corrections to PRs as required. Label each pair of products with the correct cross-price elasticity of demand.

Match the type of bank to its correct description. Match the time period to its correct description. Take the above example.

Provide specifications about the technology needed by the company. Within the Buyer Agent job description the industry distinguishes between farm retailwholesale and non-retail buyersTypically each job category requires a certain amount of experience within that industrys operations. Handle the process of choosing the vendor and negotiating the price.

Serves as the PR initiator receiving and validating requirements and entering the PR. The third role is one that sellers often ignore until late in the decision process. 4 Banks screen loan applicants and monitor loan recipients.


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