Which of the Following Statements About Vendor Analysis Is True

question 71

Multiple Choice

Which of the following statements about vendor analysis is true?

• A) Vendor analysis can be done both before and after purchases to compare performance on evaluation criteria and evaluate the process of vendor selection.
• B) A vendor analysis is often ineffective since it makes the purchasing process extremely complex.
• C) Organizational buyers primarily use a vendor analysis to evaluate possible marketers of the organization's products.
• D) Vendor analysis should be done only during the postpurchase evaluation stage of the organizational buying process.

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Definitions:

Like Terms

Terms in an algebraic expression that have the same variables raised to the same power and can therefore be combined.

Simplify Expression

The process of performing all possible arithmetic operations within an expression to reduce it to its simplest form.

Distributive Property

A property in algebra that allows for the multiplication of a single term and two or more terms inside a set of parentheses.

Coefficients

Numbers or constants placed before and multiplying the variables in an algebraic expression, indicating their relation.