A buying center refers toGroup of answer choicesthe group of people within an organization who participate in the buying process and share common goals, risks, and knowledge important to a purchase decision. the department within a firm responsible for the logistics of placing, tracking, and delivering orders to ultimate consumers. the department within a firm that allows purchases to be made from a centralized location from multiple vendors at the same time. an online trading community that brings together buyers and supplier organizations to make possible the real time exchange of information, money, products, and services. the department within a firm responsible for the logistics of placing, tracking, and delivering orders to other departments within the firm.

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.