In Most Cases, Prices Are Set by the

question 16

Multiple Choice

In most cases, prices are set by the

• A) customers.
• B) competitive market.
• C) largest competitor.
• D) selling company.

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Definitions:

Buying Organization

An entity that purchases goods and services for its use, which can include businesses, government bodies, institutions, and non-profits.

Request for Information (RFI)

is a standard business process whose purpose is to collect written information about the capabilities of various suppliers.

Source of Supply

The origin from which goods and services are obtained, which could be a manufacturer, distributor, or a service provider.

Portfolio Analysis

The evaluation of the performance and composition of a collection of investments, projects, or products to make strategic decisions.