Question: Buying decisions vary in complexity depending on size and type of operation of the retail business and the types of product on offer. Imagine your

Buying decisions vary in complexity depending on size and type of operation of the retail business and the types of product on offer. Imagine your retail manager assigned you to buying task of a new product; apply the stages of the New buying task to your chosen product/service. Start by briefly explaining the product/service. Trend to centralize buying function has had impact on the evolution of retail industry by reforming buying function & making it more efficient. Chose a company that applies the central buying function, explain how implementation done and the reason for adopting this option. In addition, chose another company that applies the decentralization of the buying function, explain how the execution and the reason for adopting this option. Describe their buying teams/committees and the challenges they face in the buying function

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