A Purchasing Consortium

question 13

Multiple Choice

A purchasing consortium:

• A) speeds up the purchasing process, but does not usually result in price concessions from suppliers.
• B) consists of two or more independent organizations that combine requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers.
• C) results in price concessions from suppliers, but usually does not speed up the purchasing process.
• D) consists of two or more divisions of the same organization that combine requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers.
• E) is a form of collaborative purchasing used only by the public sector to deliver a wider range of services at a lower total cost.

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Definitions:

Public Relations

The professional maintenance of a favorable public image by a company, organization, or famous person.

Economic Burden

The financial impact of an event, policy, or situation, particularly in terms of costs incurred or resources expended.

Demographic Transition

A theory describing the transformation of a country's population structure from high birth and death rates to low birth and death rates, often in conjunction with economic development.

Fewer Children

A demographic trend where families are having fewer children than previous generations, often associated with societal changes or advancements.