Vendor Analysis Has the Greatest Potential for Savings for Items

question 75

Multiple Choice

Vendor analysis has the greatest potential for savings for items which have:

• A) low cost per unit.
• B) low annual cost-volume.
• C) high cost per unit.
• D) high annual usage.
• E) high annual cost-volumE.

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Definitions:

Tangible Values

The measurable and physical worth of an asset, product, or property, which can be quantitatively assessed or directly experienced.

Intangible Values

Non-material benefits or qualities that are valued but not physically touchable, such as reputation, brand value, or human capital.

Corporate Culture

The beliefs, behaviors, values, and symbols that are accepted generally by members within an organization.

Power

The ability or capacity to influence the behavior of others or the course of events.