Management Issues Such as What Items to Buy,when to Buy

question 59

Multiple Choice

Management issues such as what items to buy,when to buy them,from whom to buy,how much to buy at one time,and how much to pay,are captured by what systems?

• A)expediting systems
• B)intelligent information systems
• C)linear programming systems
• D)purchasing discount systems

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Definitions:

Tying Contracts

Agreements where a seller requires a buyer to purchase additional goods as a condition of buying a desired product, often seen as anticompetitive.

Natural Monopoly

A market condition where a single firm can provide a good or service to an entire market at a lower cost than if there were multiple competing providers, often due to high fixed costs or unique resources.

Alternatives

Represents the various options or choices available to individuals, firms, or governments in decision-making processes.

Antitrust Violation

Refers to activities that reduce competition in the marketplace, often illegal under laws designed to protect consumers and ensure fair competition.