The Business Environment Is Changing Dramatically, and Organizational Buying Is

question 45

Multiple Choice

The business environment is changing dramatically, and organizational buying is also changing. As organizations are pressured to improve product quality, control costs, and minimize inventory, they are:

• A)elevating their purchasing directors to reflect the increasing importance of this function.
• B)replacing just-in-time inventory control with a more practical technique.
• C)using less global sourcing to reduce transportation costs.
• D)using less value analysis.
• E)doing all of the above

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Definitions:

Doughnuts

Doughnuts are a type of fried dough confectionery or dessert food, often circular with a hole in the center, but can come in various shapes and sizes.

Coffee

A beverage made from the roasted and ground beans of the Coffea plant, known for its stimulating effects due to caffeine.

Good

An item or service that is produced for sale or use.

Income Effect

Alterations in the financial state of individuals or economies and how these changes drive the demand for various goods or services.