Ideally, the SRM System of a Purchaser Should Have an Interface

question 78

Multiple Choice

Ideally, the SRM system of a purchaser should have an interface with the_________ system of the seller, so that recurring purchases can be automated.

• A) SRM
• B) server
• C) CRM
• D) HTML
• E) EDI

---

Definitions:

Inflation Rate

The elevation in the percentage cost of goods and services across an economy over an established period.

Relative-price Variability

Fluctuations in the price of one good or service in relation to others, affecting purchasing decisions and economic equilibrium.

Inflation Rate

A measure of how quickly the cost of goods and services rises, thereby reducing the purchasing power.

Fixed Price

A pricing strategy where the selling price of a product or service is set and not subject to change based on market fluctuations or bargaining.