Which of the Following Best Explains 'The Supplier's Specification

question 7

Multiple Choice

Which of the following best explains 'the supplier's specification'? 

• A) The buyer knows precisely the cost of the material to be purchased. 
• B) The seller knows precisely the cost of the material to be purchased. 
• C) The buyer can only obtain a rough indication of the product's cost by means of demand market research. 
• D) The buyer can only obtain a rough indication of the product's cost by means of supply market research.

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Definitions:

Glands

Organs in the body that secrete hormones or other substances directly into the blood or tissues.

Endocrinology

A branch of medicine dealing with the endocrine system, its diseases, and its specific secretions called hormones, focusing on the body’s chemical messengers.

Internal Secretion

Internal secretion involves the release of hormones or other substances directly into the blood or tissues by glands, playing a crucial role in bodily functions.

Ear, Nose, Throat

A medical specialty, also known as otolaryngology, that focuses on disorders and conditions of the ear, nose, and throat.