The New,more Strategically Oriented Purchasing Departments Have a Mission to ________

question 48

Multiple Choice

The new,more strategically oriented purchasing departments have a mission to ________.

• A) always make a profit
• B) always take the lowest bid
• C) seek the best value from fewer and better suppliers
• D) continue to seek outsourcing as their primary strategy
• E) use consultants whenever possible

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Definitions:

Formal

Following or conforming to established rules, conventions, or ceremonies.

Regulations

Rules or directives made and maintained by an authority to regulate behavior or achieve compliance.

Organization

A group of people who work together in an organized manner to achieve common goals and objectives.

Functional Structures

An organizational framework where departments are formed based on the functions they perform within the company, such as marketing, finance, or production.