The Objective of Which Phase of the Buying Process Is

question 68

Multiple Choice

The objective of which phase of the buying process is for the buyer not only to have a list of potential suppliers,but to also identify those who are qualified?

• A)evaluate proposals and select a supplier
• B)request proposals
• C)establish specifications
• D)search for and qualify potential suppliers

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Definitions:

Start-Ups

Newly established businesses often characterized by innovation and aimed at fulfilling a specific market need or niche.

Market Niche

A specialized segment of the market targeted by businesses offering unique products or services to meet specific customer needs.

First-Mover Advantage

The competitive advantage gained by a company that is the first to introduce a new product or service in the market.

Breakthrough Stage

a phase in the development or growth of something marked by a significant discovery or achievement that propels progress.