When a Firm's Major Activity Is Research and Development,the Firm

question 20

Multiple Choice

When a firm's major activity is research and development,the firm will most likely use: :

• A) centralized purchasing
• B) headquarter purchasing
• C) decentralized purchasing G
• D) hybrid purchasing structure H
• E) a specialized purchasing staff at headquarters I

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Definitions:

Credit Sale

A type of transaction where the goods or services are provided to the customer with the agreement that payment will be made at a later date.

Future Obligation

A commitment or responsibility to incur a cost or expenditure at a future date.

Vendor

An individual or business that supplies goods or services to another entity, often within a supply chain.

Products or Services

Refers to the goods that are manufactured and sold or the tasks that are performed by a business in exchange for money.