Which of the Following Best Explains a 'Buying Consortium

question 43

Multiple Choice

Which of the following best explains a 'buying consortium'? 

• A) One company purchases on behalf of another. 
• B) Individual companies created a legally binding arrangement to bundle their purchasing volumes through a joint initiative. 
• C) There is a central purchasing department where corporate contracting specialists operate at the strategic level. 
• D) Individual companies voluntarily bundle their purchasing volumes through a joint initiative.

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Definitions:

EULA

End User License Agreement, a legal contract between the licensee and the software manufacturer, outlining the software's use rights.

Productivity Software

A category of application software that provides users with tools to produce work, such as word processors, spreadsheets, and presentation software.

System Backup

The process of creating a copy of data on a system to prevent loss of information.

Installation Option

Choices provided to a user during the installation process of software or an operating system, allowing customization of the setup.