Which of the Following Best Describes Kraljic's (1983) Approach to Commodity

question 35

Multiple Choice

Which of the following best describes Kraljic's (1983) approach to commodity strategies? 

• A) Purchasing managers develop differentiated strategies towards their supply markets. 
• B) Purchasing managers develop undifferentiated strategies towards their supply markets. 
• C) Purchasing managers do not need to develop strategies towards their supply markets. 
• D) Purchasing managers need to develop differentiated strategies towards their customers.

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Definitions:

General Ledger

The primary accounting record of a company that uses double-entry bookkeeping, summarizing all transactions into debits and credits.

Allowance Account

A contra asset account that reduces the gross amount of receivables to reflect a more accurate value of expected collections.

Liability Account

An accounting record tracking obligations or debts that a company owes to others.