When a Company Deals with Obtaining Raw Materials,parts,and Supplies Needed

question 21

Multiple Choice

When a company deals with obtaining raw materials,parts,and supplies needed to perform the operations function,the company is developing its ________ strategy.

• A) operations
• B) purchasing
• C) R&D
• D) financial
• E) human resource management

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Definitions:

Scented Candles

Products made of wax and fragrance oils designed to release pleasant aromas when lit, often used for ambiance, relaxation, or aromatherapy.

Location, Location, Location

A phrase emphasizing the importance of geographical location in business success, particularly in real estate.

Convenience

The state of being able to proceed with something with little effort or difficulty, often considered in the design of products or services.

Price

The value that is put to a product or service and is the result of a complex set of calculations, research, understanding, and risk-taking ability.