The Function Performed by the Gatekeeper in the Company Buying

question 139

Multiple Choice

The function performed by the gatekeeper in the company buying center is to:

• A) inform potential suppliers about the required specifications of the product.
• B) select a supplier and implement the procedures for securing the goods and services.
• C) choose which goods and services will actually be bought.
• D) control the information that all buying center members will review.

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Definitions:

Total Asset Turnover

A financial metric indicating how efficiently a company uses its assets to generate sales revenue.

Profit Margin

A financial ratio that shows the percentage of revenue that surpasses the cost of goods sold, indicating the financial health and profitability of a business.

Net Working Capital

A measure of a company's short-term liquidity, calculated as current assets minus current liabilities.

Turnover Rate

The rate at which a company hires and separates employees, or the rate at which inventory or assets are replaced through sales.