The Overall Cycle Times of the Purchasing Process Have Reduced

question 79

Multiple Choice

The overall cycle times of the purchasing process have reduced as a result of:

• A) the decreased use of supply chain management.
• B) the increased use of information technology.
• C) the decreased interdependency between buyers and sellers.
• D) an increase in traditional purchasing practices such as direct purchase.
• E) a reduction in postpurchase services.

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Definitions:

Selling Price

The amount of money charged for a product or service, or the sum the market will bear.

Return On Investment

measures the gain or loss generated on an investment relative to the amount of money invested.

Traceable Fixed Expense

Fixed costs that can be directly linked to a specific business segment, product, or department.

Net Operating Income

A measure of a company's profitability from its core business operations, excluding income and expenses from non-operational activities.