Jack Has Just Joined a Law Firm as Its Purchasing

Multiple Choice

Jack has just joined a law firm as its purchasing agent for all supplies, equipment, and service contracts. In his previous position at another company, Jack could make decisions for any purchase up to $1 million; however, at the new law firm, he can only make decisions for purchases less than $500,000. Recently, Jack has been working with a sales representative from a computer software firm about a contract for a new program to process the firm's billing statements. Jack signs the contract, even though it is for $950,000. In this case, Jack part of the market for the software because .

A) is; he has very little buying power.
B) is; has the need for the software.
C) is not; he is willing to spend the firm's money.
D) is; he has the desire for the software.
E) is not; he does not have the authority to purchase.