As part of the buyer selection process, buying centers must decide how many suppliers to use. What might motivate a buyer to use multiple sources?

What will be an ideal response?

Companies that use multiple sources often cite the threat of a labor strike as the biggest deterrent to single sourcing. Another reason companies may be reluctant to use a single source is that they fear they'll become too comfortable with the relationship and lose their competitive edge.

Business

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Carol learns that Dave has hired a new employee to work at her company. Although Dave did not have permission to hire the new employee, Carol likes the new employee and decides to honor all the terms of the employment contract that Dave negotiated

Which of the following types of agency relationship have Carol and Dave formed? A) agency by implied authority B) agency by agreement C) agency through ratification D) agency by estoppel

Business

When we judge someone on the basis of our perception of the group to which he/she belongs, it is called ________

A) confirmation bias B) stereotyping C) framing effect D) distinction bias E) bandwagon effect

Business