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:

Organizational Effectiveness

Refers to how efficiently and effectively an organization achieves its goals and meets its stakeholders' needs.

Downsizing

The process of reducing the number of employees within a company, often to cut costs or improve efficiency.

Downsizing

The reduction of an organization's workforce to improve its efficiency or to cut costs, often involving layoffs.

Social Networks

Platforms and communities where individuals interact, share, and engage with content and each other online, but also a concept in sociology referring to the structure of relationships and connections among individuals or organizations.