An Advantage of Buying by Performance or Function Over Other

question 16

Multiple Choice

An advantage of buying by performance or function over other specification methods is that it provides:

• A)the opportunity for the potential supplier to establish how to make the most suitable product/service.
• B)an opportunity to purchase identical requirements from a number of different sources of supply.
• C)evidence that the buyer has carefully defined the need and how it may be satisfied.
• D)a standard for measuring and checking materials as supplied.
• E)the potential for equitable competition by ensuring that the suppliers are quoting for exactly the same material or service.

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Definitions:

Brand Name

A distinctive name identified with a product or company, used to establish a unique identity in the marketplace.

Market Segments

Distinct groups of customers within a market who share similar needs, preferences, or characteristics, allowing businesses to target them with specific products or services.