Which of the Following Statements About Purchasing by Small Service

question 190

Multiple Choice

Which of the following statements about purchasing by small service firms is NOT TRUE?

• A) Purchases by small service firms are often handled by whoever is in charge or their administrative assistant.
• B) Purchases by small service firms can add up and these smaller firms are now an important target market.
• C) Purchases by small service firms are usually handled by a person with full-time responsibility for purchasing.
• D) Small service firms may need much more help in buying than large corporations.
• E) Small service companies often rely on e-commerce for purchases.

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Definitions:

Season

A period of the year characterized by specific weather conditions, events, or business activities, which can affect demand and supply dynamics in various markets.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values deviate from the mean of the set.

Forecast Error

The difference between the actual outcomes and the predictions made by forecasting models.

Expected Profit

The projected earnings calculated by assessing potential revenues minus anticipated costs.