The Buying Center for USF Corporation Is in the Process

question 131

Multiple Choice

The buying center for USF Corporation is in the process of discussing price,quality,and delivery schedules with potential suppliers.They are in the __________ stage of the business-to-business buying process.

• A) vendor negotiation
• B) product specification
• C) need recognition
• D) vendor performance assessment
• E) RFP

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Definitions:

Needed Resources

Essential materials, funds, or personnel required for the execution of a project or the operation of an entity.

Payments

Transactions or transfers of money from one party to another, typically in exchange for goods, services, or to fulfill a financial obligation.

Costs

The expenditure of resources, such as time, labor, and materials, required to achieve an objective or the production of goods and services.

Profits

Profits are the financial gains obtained when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the operation.