Projects Are Identified and Selected in the

question 20

Multiple Choice

Projects are identified and selected in the

• A) initiating phase.
• B) planning phase.
• C) performing phase.
• D) closing phase.

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Definitions:

Buy Classes

Categories of purchasing decisions that vary based on their complexity, frequency, and the level of decision-making involvement.

Modified Rebuy

A purchasing situation in which a buyer reevaluates options for repurchasing a product or service due to changing needs or conditions.

Straight Rebuy

A purchasing situation in which a business buys the same goods or services without seeking new information or considering other suppliers.

New Buy

A purchasing situation characterized by a customer buying a product or service for the first time, often involving extensive decision-making and research.