Buyers Typically Develop a Short List of the Top ____

question 27

Multiple Choice

Buyers typically develop a short list of the top ____ suppliers to reduce the work involved in selecting a source.

• A)one to two
• B)three to five
• C)eight to ten
• D)twelve to fifteen

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Definitions:

Administrative Department

A segment within an organization responsible for managing general operations and administrative tasks.

Profit Center

A segment or department within a business that is responsible for generating its own revenue and profits.

Revenue Center

A division or unit within an organization responsible for generating revenue through its operations and activities.

Gross Profit

The financial metric that represents the difference between revenue and the cost of goods sold before accounting for other expenses.