The Purchasing Strategy in Which the Purchasing Company Orders a Particular

question 83

Multiple Choice

The purchasing strategy in which the purchasing company orders a particular part from several vendors is

• A)sole sourcing.
• B)multiple sourcing.
• C)just-in-time sourcing.
• D)backup sourcing.
• E)parallel sourcing.

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Definitions:

Total Utility

The total satisfaction received from consuming a certain amount of goods or services.

Corn Dogs

A popular snack consisting of a hot dog coated in a thick layer of cornmeal batter and deep-fried.

Marginal Utility

The additonal satisfaction or utility that a person receives from consuming an additional unit of a good or service.

Total Utility

The total satisfaction or benefit gained from consuming a particular quantity of goods and services.