When a Purchasing Manager Knows Roughly What Is Needed but Can't

question 34

Multiple Choice

When a purchasing manager knows roughly what is needed but can't describe it exactly-or when the purchasing arrangement may change as the job progresses-then buying is likely to be by:

• A) negotiated contract.
• B) description.
• C) inspection.

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Definitions:

Strategy-making

The process of identifying and setting the organization's direction by specifying its strategy or direction and making decisions on allocating its resources.

Symbolic Mode

A form of communication or representation that uses symbols, images, or indirect suggestions to express complex ideas or emotions.

Generative Mode

A state of operation or condition where systems or processes are productive, creative, or able to generate new ideas, objects, or productions.

Strategic Management

The process of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.