Firms can be categorized by the type of purchasing strategy they use.Which of the following usually contact familiar suppliers and place an order with the first that can meet product and delivery requirements?
A)strugglers
B)actualizers
C)optimizers
D)satisficers

Question

Quizplus · Accepted Answer

The type of purchasing strategy described in the question is usually associated with satisficers. Satisficers are firms that aim to meet minimum requirements for product specifications, delivery timelines, and price. They settle for the first supplier that meets their criteria instead of conducting extensive research or negotiations.

Firms Can Be Categorized by the Type of Purchasing Strategy