Which of the Following Statements Best Describes the Goals of Strategic

question 111

Multiple Choice

Which of the following statements best describes the goals of strategic sourcing?

• A) A purchase strategy that relies heavily on technology to reduce risk
• B) A procurement strategy that takes into account the long-term impact on people, profit, and the planet
• C) A process of purchasing goods and services aimed at exploiting global efficiencies in production
• D) A mechanism for managing external resources to support non-commodity purchases

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Definitions:

Microeconomics

The branch of economics that studies how individuals, households, and firms make decisions to allocate limited resources, typically in markets where goods or services are being bought and sold.

Voter Identification

Laws or measures requiring individuals to present specified forms of identification in order to vote, aimed at preventing voter fraud.

Positive Economics

An area of economics that focuses on factual and cause-and-effect relationships, avoiding any value judgments.

Labor Economics

A branch of economics that studies the dynamics of the markets for wage labor, including demand and supply, wage determination, and labor productivity.