If a Task Is New, Complex and Costly, on Which

question 62

Multiple Choice

If a task is new, complex and costly, on which stage of the buying process will the buyer spend a greater amount of time?

• A) preparing a general needs description
• B) deciding on product specification
• C) conducting a supplier search
• D) preparing an order-routing specification
• E) reviewing suppliers' performance

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Definitions:

Fiscal Year

A twelve-month period used for calculating annual financial statements in businesses and other organizations, which may or may not align with the calendar year.

Natural Business Year

A fiscal year that ends when business activities have reached the lowest point in an annual operating cycle.

Assets

Resources owned by a company from which future economic benefits are expected to flow to the entity.

Business

An enterprise or corporation participating in business, industry, or professional pursuits.