Which of the Following Best Explains 'Spot Buying

question 26

Multiple Choice

Which of the following best explains 'spot buying'? 

• A) Bought at last year's price. 
• B) Bought at possible future price. 
• C) Buying at current market prices. 
• D) Bought at previously agree price.

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Definitions:

p-Nitrobenzoic Acid

An aromatic compound derived from benzoic acid with a nitro group positioned at the para (opposite) position; used in organic synthesis.

Major Organic Product

The primary product formed in the highest amount during a chemical reaction involving organic compounds.

Acetic Acid

A sour-tasting, colorless liquid organic compound with the chemical formula CH3COOH, known as the main component of vinegar.

Ammonia

A compound of nitrogen and hydrogen (NH3), notable for its pungent smell and use as a nitrogen source in fertilizers.