The buying decision is likely to be most complex and take longest to complete in a new buy B2B buying situation.
<h3>What Is the New Buy Situation ?</h3>
In a NEW BUY situation, the buying center is likely to proceed through all six steps in the buying process and involve many people in the buying decision.
A new buy situation occurs when the customer buys goods or service for the first time. Because of this, the buying decision is quite involved to the extent of going through the six steps of the buying process.
The three types of buying situations are;
- new buys.
- modified rebuys.
- straight buys.
For example, in the new buy situation, a single organization is the first to buy a particular product or service, Hence, we would expect the provision of more product and service descriptions than in a straight rebuy situation where the organization is already familiar with the products and just simply reorders an existing product or service from preferred suppliers.
Therefore, we can conclude that the correct option is C.
Your question is incomplete, but most probably your full question was:
a. modified rebuy
b. straight rebuy
c. new buy
d. adapted buy
e. generic buy
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Answer:
Dec. 2.
Dr. Inventory $4,000
Cr. Troy $4,000
Dec. 3.
Dr. Rent Expense $2,600
Cr. Cash $2,600
Dec. 5.
Dr. Office Supplies $450
Cr. Rigby Supply $450
Dec. 8.
Dr. Utility Expense $590
Cr. Cash $590
Dec. 9.
Dr. Equipment $6,500
Cr. Alright Equipment $6,500
Dec. 10.
Dr. Alright Equipment $6,500
Cr. Equipment $6,500
Dec. 11.
Dr. Troy $4,000
Cr. Discount received $40
Cr. Cash $3,960
Explanation:
Dec. 11
The terms 1/10 n/30 mean there is a discount of 1% available on the payment to be made in 10 days of the purchase. The net credit period is 30 days. As the payment is made within the discount period, hence the payment will be made net of discount.
Discount on Purchase = $4,000 x 1% = $40
Payment = Total amount due - Discount = $4,000 -$40 = $3,960
Answer:
1) The transaction cost of both he bank deposit and mutual fund are almost equal as transaction in both can be made by visiting a branch or using internet banking or brokering.
2) The risk for the bank deposits are lower thank mutual funds because even thought the mutual fund is highly diversified, its value can still decline because of changes in market or some market crash like the 2008 recession, where as the money in the bank remains intact
3) The liquidity is higher for bank deposits because money can be withdrawn instantly, whenever the depositor wants, where as the liquidity for mutual funds is a bit lower as it takes a couple of business days to make transactions.
Explanation:
Answer:
Risks of the project include
disruption in the highway during renovation process. - High risk
Poor material used in the construction - High risk
Rainfall may delay the work process. - Medium risk
Traffic flow management will be difficult during peak hours. - Medium risk
Dust and noise during the construction will disturb the society. - Low risk
Explanation:
The risk register includes Risk description, its impact in terms of probability and measures to mitigate such risk. There are many potential risks that are associated with the construction of the bus shelter. The risks are not acceptable as the highway disruption should be kept to minimum and any delay in the work is not tolerable. These risks are reduced by deploying extra labors so that the renovation work is completed on time.
Answer:
Options A and D are true.
- <u>JIT systems require careful inventory management.</u>
- <u>JIT systems work very well if supplier and manufacturer inventory systems can be integrated into one system.</u>
Explanation:
Doing JIT accurately infers having exact interest gauges and attention to buyers' buying propensities consistently. Any miscomputation could have a significant negative effect on business capacities.
For it to get effective, JIT conveyance needs a profoundly responsive and adaptable production network. The responsiveness level is characterized by how quick the store network can adjust to oblige the 4 essential spaces of adaptability in light of an outside upgrade like a shopper request: item, volume,