The Business Environment Is Changing Dramatically and Organizational Buying Is

question 80

Multiple Choice

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

• A) decentralize purchasing
• B) strip purchasing agents of most of their power
• C) use global sourcing
• D) implement product-life-cycle pricing
• E) do all of the above

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Definitions:

Market Opportunities

Refers to openings in the market where a business can potentially increase its profitability or growth by identifying and capitalizing on these areas.

Buying Organization

An entity focused on purchasing goods and services, typically seeking to optimize procurement processes and costs.

Incongruent

Lacking harmony, consistency, or compatibility between aspects or elements.

Supply Objectives

Goals aimed at ensuring the efficient and effective procurement, management, and distribution of materials and products.