The________ Has Transformed the Purchasing Function in Recent Years by Helping

question 141

Multiple Choice

The________ has transformed the purchasing function in recent years by helping firms find the best suppliers and the best prices.

• A)CAD/CAM
• B)PERT
• C)Internet
• D)QFD

---

Definitions:

Inflation

An economic condition characterized by a general increase in prices and fall in the purchasing value of money.

Mean Rate

This reflects the average rate over a specified time period, often used in financial contexts to denote average return or interest rate.

Annual Dividend

This is the total amount of dividends a company pays out to its shareholders over a fiscal year, usually expressed on a per share basis.

Market Price

The current price at which an asset or service can be bought or sold in a particular marketplace.