Examlex
Which of the following is a commonly used organizational buying criterion?
Market System
A system of economics where individual citizens and businesses within a country solely determine economic choices and the cost of goods and services through their collective interactions.
Profit and Loss System
A financial statement that shows the revenue, costs, and expenses incurred during a specific period of time.
Business Risk
The possibility of experiencing financial loss or failure inherent in operating a business.
Market System
A market system is an economic system in which decisions regarding investment, production, and distribution are based on supply and demand.
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