Cooperative Purchasing Organisations for Small Businesses Are More Successful Now

question 16

Multiple Choice

Cooperative purchasing organisations for small businesses are more successful now because of the:

• A)acceptance of coops as a business model by suppliers.
• B)diversification of numerous global suppliers.
• C)increased use of the Internet to locate more suppliers.
• D)use of crowdsourcing to locate new suppliers.

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Definitions:

Occupancy Expenses

Costs associated with occupying a space, including rent, utilities, and other maintenance fees.

Client-Visits

The act of meeting with clients or potential clients in person to discuss business, build relationships, or offer support.

Flexible Budget

A flexible budget that varies with activity levels or volume, enabling more precise budgeting and analysis of discrepancies.

Facility Expenses

Costs associated with the physical management and maintenance of buildings or structures.