Which of the Following Better Explains 'Buying Process

question 15

Multiple Choice

Which of the following better explains 'Buying Process'? 

• A) Includes determining the purchasing needs, selecting the supplier, arriving at a proper price, specifying terms and conditions, issuing the contract or order, and following up to ensure proper delivery and payment. 
• B) Includes selecting the supplier, specifying terms and conditions, issuing the contract or order, and following up to ensure proper delivery and payment. 
• C) Includes determining the purchasing needs, selecting the supplier, issuing the contract or order, and following up to ensure proper delivery and payment. 
• D) Includes determining the purchasing needs, selecting the supplier, arriving at a proper price, specifying terms and conditions and issuing the contract or order.

---

Definitions:

Representativeness Heuristic

A strategy for judging whether an individual, object, or event belongs in a certain category based on how typical of the category it seems to be.

Typical

Representing the characteristics or qualities of a particular group, category, or class; characteristic.

Frequency Judgment

The process of estimating the rate at which an event occurs or the likelihood of its occurrence.

Availability

The extent to which a resource or service can be used or obtained.