Which View of Purchasing Is Described in the Following Statement??Management

question 1

Multiple Choice

Which view of purchasing is described in the following statement??Management is aware of the savings potential which purchasing may represent.

• A) Purchasing as an operational, administrative activity. 
• B) Purchasing as a commercial activity. 
• C) Purchasing as part of integrated logistics 
• D) Purchasing as a strategic business area.

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Definitions:

Agricultural Products

Goods derived from farming and the cultivation of land, including crops, livestock, and raw materials such as fibers.

Great Depression

A severe worldwide economic downturn that began in 1929 and lasted until the late 1930s, marked by massive unemployment and a significant decline in economic activity.

Low Point

This refers to the lowest phase or level, often used in the context of economic cycles to describe the bottom of a recession.

1940s

A decade spanning from 1940 to 1949 characterized by significant events including World War II and the beginning of the Cold War, impacting global politics and economies.