In the ____ Approach,purchasing Must Work with the End User

question 27

Multiple Choice

In the ____ approach,purchasing must work with the end user to quickly identify a supplier to provide products on short notice at the lowest possible cost with an acceptable level of quality and delivery time.

• A) spot buy
• B) long term agreement
• C) P2P
• D) e-procurement
• E) None of these choices.

---

Definitions:

FTAA

The Free Trade Area of the Americas, a proposed agreement to eliminate or reduce trade barriers among all countries in the Americas, excluding Cuba.

Knowledge

The facts, information, and skills acquired through experience or education; the theoretical or practical understanding of a subject.

Skills

The abilities and expertise a person has acquired through training or experience to perform certain tasks.

Abilities

The skills and competencies that enable an individual to perform a particular task or job.