The Evaluation and Selection of Products and Suppliers Are Affected

question 55

Multiple Choice

The evaluation and selection of products and suppliers are affected by the needs of both the organization and the individuals making the decision.These needs are categorized as:

• A) emotional and rational.
• B) formal and informal.
• C) verbal and nonverbal.
• D) external and internal.
• E) behavioral and attitudinal.

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Definitions:

Target Profit

The desired net income that a company aims to achieve within a specific time period.

Break-even

A financial analysis point where a company's revenue exactly matches its expenses, resulting in neither profit nor loss.

Monthly Dollar Sales

The total revenue generated from sales in a particular month, measured in dollars.

Unit Variable Cost

The variable cost incurred to produce one unit of product, including direct materials, direct labor, and variable manufacturing overhead.