The Business Environment Is Changing Dramatically, and Organizational Buying Is

question 45

Multiple Choice

The business environment is changing dramatically, and organizational buying is also changing. As organizations are pressured to improve product quality, control costs, and minimize inventory, they are:

• A)elevating their purchasing directors to reflect the increasing importance of this function.
• B)replacing just-in-time inventory control with a more practical technique.
• C)using less global sourcing to reduce transportation costs.
• D)using less value analysis.
• E)doing all of the above

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Definitions:

Foreign Corporations

Businesses that are incorporated in one country but are registered to do business in other countries outside of their home jurisdiction.

Merger

A combination of two or more corporations in which only one of the corporations continues to exist.

Shareholder Approval

The consent given by shareholders, usually through a voting process, for certain decisions or actions proposed by a company's management or board.

Consolidation

The process of combining two or more entities into one, often to streamline operations and reduce costs.