The Main Objective of ____ Is to Prevent Purchases from Suppliers

question 30

Multiple Choice

The main objective of ____ is to prevent purchases from suppliers that are not on the approved list of sellers and eliminate the processing costs of purchases.

• A)horizontal markets
• B)e-procurement
• C)third-party exchange marketplaces
• D)trading partner agreements

---

Definitions:

Demand for Product X

The total quantity of Product X that consumers are willing and able to purchase at various price levels, within a given time frame.

Indifference Map

A graphical representation showing different bundles of goods between which a consumer is indifferent, illustrating preferences and trade-offs.

Utility Level

A measure of the satisfaction or happiness that goods and services provide to a consumer.

Cash

Money in the form of coins and banknotes, as opposed to checks, credit, or other forms of digital or electronic payment.