What Step in the Organizational Buying Process Would Involve Procedures

question 209

Multiple Choice

What step in the organizational buying process would involve procedures that measure characteristics such as a supplier's reliability, price, and order accuracy?

• A) searching for potential sources
• B) analyzing proposals
• C) recognizing a need
• D) evaluating proposals and selecting suppliers

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Definitions:

Penalty Clause

A contractual provision that imposes a penalty on a party for not meeting certain conditions or deadlines.

Performed According

Actions or tasks executed in compliance with specified standards, requirements, or agreements.

Procurement Team

A group of individuals with the responsibility of acquiring goods and services needed for a project or organization.

Work Teams

Groups of individuals collaborating on tasks and projects with a common goal within an organization.