Which of the Following Are Activities of the Purchasing Function

question 22

Multiple Choice

Which of the following are activities of the purchasing function? 

• A) Property maintenance 
• B) Production control 
• C) Market research 
• D) Preparing and conducting negotiations with suppliers.

---

Definitions:

Minimize

The process of reducing or making as small as possible, often used in the context of optimization problems.

Solver Reports

A summary or output generated by computational software to provide insights or solutions to optimization or mathematical problems.

Linear Optimization

A mathematical technique for finding the maximum or minimum value of a linear objective function, subject to a set of linear equality and/or inequality constraints.

Optimal Solutions

The best possible outcomes or answers obtained from solving a problem, especially in mathematics, economics, and engineering.