A Purchasing Approach to Minimize the Acquisition Costs and Rely

question 29

Multiple Choice

A purchasing approach to minimize the acquisition costs and rely on competition to keep prices low is best suited for:

• A)bottleneck items.
• B)strategic items.
• C)leverage/commodity items.
• D)noncritical/routine items.
• E)bottleneck items and strategic items.

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Definitions:

Cognitive Response

The internal thought process and mental activities triggered by external stimuli, influencing how information is perceived, processed, and remembered.

Physical

Refers to anything pertaining to the body or involving bodily movements.

Emotional

Pertaining to feelings or psychological states that arise in response to stimuli, affecting moods and behavior.

Exaggerated

Describes something that has been presented in a way that makes it seem more important, serious, or large than it actually is.