A Straight Rebuy Purchase Decision Occurs

question 168

Multiple Choice

A straight rebuy purchase decision occurs:

• A)when the firm has previously chosen a vendor and intends to place a reorder.
• B)when a company is dissatisfied with their current vendor and wants to consider new options.
• C)when a new company makes an offer that appears to be more attractive than what is currently being supplied by the current vendor.
• D)at the end of a contractual relationship and the company wants to evaluate competitive bids.

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Definitions:

Profit Margin

The percentage of revenue remaining after all expenses have been deducted from sales.

Return On Investment

Return on investment (ROI) measures the gain or loss generated on an investment relative to the amount of money invested, expressed as a percentage.

Investment Centre

A division or unit within a company that is responsible for its own revenues, expenses, and assets, and is evaluated based on its return on investment.

Performance Evaluation

An assessment process where an individual's or team's work outputs and efficiency are measured and reviewed against set goals or criteria.