A Characteristic of a Purchasing Group Is That It ____

question 80

Multiple Choice

A characteristic of a purchasing group is that it ____.

• A) requires members to disclose the group's prices to other physicians
• B) allows members to spend as much or as little as they need to
• C) may require physicians to pay dues
• D) generally saves a larger medical practice 5% on supplies
• E) is often more expensive than buying supplies as individual offices

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Definitions:

Trading In

The action of exchanging an old product for a discount on a new purchase.

Repairs

Expenditures to restore equipment, machinery, or property to its previous condition or to keep it in operational status without enhancing its value or extending its life.

Office Equipment

The furniture, computers, machines, and other tools used in offices for operational purposes.

Freight Costs

Charges incurred for transporting goods between locations, typically from the manufacturer to the buyer.