M6 Flashcards

1
Q

ALL BUSINESS AND ORGANIZATIONAL CUSTOMERS

A
  • PRODUCERS
  • INTERMEDIARIES
  • GOVERNMENT UNITS
  • NONPROFITS
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2
Q

PRODUCERS

A

○ Manufacturers
○ Farms, mines, and etc.
○ Financial institutions
○ Other providers

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3
Q

INTERMEDIARIES

A

○ Wholesalers
○ Retailers

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4
Q

GOVERNMENT UNITS

A

○ Federal
○ State and Local

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5
Q

NONPROFITS

A

○ National
○ Local

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6
Q

BUYING CENTER

A
  • BUYERS
  • INFLLUENCERS
  • DECIDERS
  • GATEKEEPERS
  • USERS
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7
Q

Determine appropriate specs or information that the
company needs before buying.

A

INFLUENCERS

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8
Q

Responsible for dealing with suppliers

A

BUYERS

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9
Q

are responsible for dealing directly with
suppliers. They handle the practical aspects of purchasing, including arranging the terms of the sale, negotiating prices, delivery, and contracts.

A

BUYERS

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10
Q

are individuals who have the final say in
the purchasing decision. This typically includes senior managers, department heads, or finance executives who approve or disapprove the purchase.

A

DECIDERS

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11
Q

control the flow of information and
access to decision-makers. They may filter the information that reaches deciders or other key members of the buying center.

A

GATEKEEPERS

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12
Q

are the individuals or groups who will ultimately use the product or service being purchased.

A

USERS

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13
Q

STEPS/MODEL OF ORGANIZATIONAL BUYING

A
  • STEP 1: DEFINING THE PROBLEM
  • STEP 2: BUYING PROCESS
  • STEP 3: MANAGING THE BUYER-SELLER RELATIONSHIP
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14
Q

STEP 1: DEFINING THE PROBLEM

A

○ Problem recognition
○ Need description
○ Product specification

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15
Q

STEP 2: BUYING PROCESS

A

○ Establish buying process
○ Gather information
○ Solicit bids
○ Select the supplier

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16
Q

STEP 3: MANAGING THE BUYER-SELLER RELATIONSHIP

A

○ Structure the relationship
○ Monitor supplier performance

17
Q

ORGANIZATIONAL BUYING PROCESSES

A
  • NEW-TASK BUYING
  • MODIFIED REBUY
  • STRAIGHT REBUY
18
Q

○ New product and new supplier
○ This refers to a situation where the organization is
purchasing a product or service for the first time.

A

NEW-TASK

19
Q

○ Either new product or new supplier
○ The organization has previously purchased a product
or service but now wants to modify the order in some way—this could be in terms of specifications, pricing, volume, or supplier terms.

A

MODIFIED REBUY

20
Q

○ Same product and same supplier
○ This is the most routine and least complex buying
process. In a straight rebuy, the organization simply

A

STRAIGHT REBUY

21
Q

MAJOR SOURCES OF INFORMATION USED BY ORGANIZATIONAL BUYERS

A
  • MARKETING AND PERSONAL SOURCES
  • NONMARKETING AND PERSONAL SOURCES
  • MARKETING AND IMPERSONAL SOURCES
  • NONMARKETING AND IMPERSONAL SOURCES
22
Q

MARKETING AND PERSONAL SOURCES

A

○ Salespeople
○ Others from supplier firms
○ Trade shows

23
Q

NONMARKETING AND PERSONAL SOURCES

A

○ Buying center members
○ Outside business associates
○ Consultants and outside experts

24
Q

MARKETING AND IMPERSONAL SOURCES

A

○ Online events and virtual trade shows
○ Sales literature and catalogs
○ Emails and newsletters
○ Website content (blogs, videos, case studies, and
white papers)
○ Social media

25
Q

NONMARKETING AND IMPERSONAL SOURCES

A

○ Online searches
○ Rating services
○ Trade associations
○ News publications

26
Q

NEW-TASK BUYING REQUIRES INFORMATION

A

○ Websites
○ Search engines
○ Online Communities
○ Competitive bids