Which Type of Purchasing Strategy Involves Comparing Unit Prices

question 19

Multiple Choice

Which type of purchasing strategy involves comparing unit prices?

• A)Timing purchases
• B)Price comparison
• C)Label information
• D)Brand comparison
• E)Store selection

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Definitions:

Mean Test Score

The average score obtained from a group of tests or examinations.

Test Score

The numerical outcome or result obtained from an academic test or examination.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of values.

Average Amount

Similar to mean, it represents the central value of a data set by calculating the sum of all numbers in the set divided by the quantity of numbers.