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:

Degree Of Internationalization

A measure of the extent to which a company is involved in international operations, markets, and activities.

Managerial Attitude

The personal outlook or disposition a manager has towards their duties, responsibilities, and interactions with employees within an organization.

Polycentric

An approach where a business adopts local strategies in international markets, recognizing and adapting to differences.

Howard Perlmutter

A scholar known for his work on the concept of ethnocentric, polycentric, and geocentric orientations in international business.