Which of the Following Statements Holds True for the Purchase

question 74

Multiple Choice

Which of the following statements holds True for the purchase of staple merchandise?

• A) Buyers often do not reorder additional merchandise after placing the first order.
• B) Buyers for staple merchandise categories have much less flexibility in correcting forecasting errors.
• C) Staple merchandise is purchased using a continuous replenishment system by monitoring sales and generating replacement orders.
• D) The staple merchandise buying system requires more experienced buyers.
• E) The main objective of staple merchandise buying is to be as close to out of stock as possible.

---

Definitions:

Project Outcomes

The results or achievements produced upon the completion of a project, including realized benefits and contributions to strategic objectives.

Vendor Relationship

The interaction and management of the connection between an organization and its suppliers or service providers.

Vendor Performance

The assessment of a supplier's ability to deliver goods or services in accordance with predetermined agreements.

Project Management Priority

The established importance or precedence given to certain tasks or objectives within a project management context.