The Greatest Opportunity to Affect Value in the Purchasing Process

question 8

Multiple Choice

The greatest opportunity to affect value in the purchasing process is when:

• A)needs are recognized and described.
• B)potential suppliers are identified and analyzed.
• C)the suppliers are selected.
• D)price and terms are determined.
• E)the buyer follows-up and expedites the order.

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Definitions:

Monthly Salaries

Regular income earned by employees, typically issued once a month, for services rendered.

Production Worker

An employee involved in the manufacturing process within a factory or on a production line.

Assembly Worker

An individual employed to put together components or parts, primarily in manufacturing or production lines.

Base Salary

The initial rate of compensation that an employee receives, not including any extra benefits, bonuses, or raises.