When a Business Routinely Purchases the Same Product with Similar

question 166

Multiple Choice

When a business routinely purchases the same product with similar terms of sale,the purchase is called a

• A) new-task.
• B) repetitive purchase.
• C) straight rebuy.
• D) modified rebuy.
• E) standard order.

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Definitions:

Profit Models

Profit models describe the ways in which a business generates revenue and profits, including the identification of revenue sources, cost structures, and profit margins.

Risks

Potential events or conditions that could have a negative impact on objectives, operations, or outcomes, requiring management and mitigation strategies.

Budgets

Detailed forecasts of income and expenditure for a set period of time, outlining financial plans and goals.

Weaknesses

Internal limitations or flaws that adversely affect an organization's performance and ability to achieve its objectives.