________ Has Transformed the Purchasing Function in Recent Years by Helping

question 60

Multiple Choice

________ has transformed the purchasing function in recent years by helping firms find the best suppliers and the best prices.

• A) PERT
• B) The Internet
• C) CAD/CAM
• D) QFD

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Definitions:

Social Trends

Patterns of behavior, interests, or opinions that are widespread among a particular society or area at a specific time.

Occupational Status

A social rank or position based on one's job or career path, often influencing an individual's prestige and socioeconomic standing.

Formal Education

Formal education is the structured educational system that encompasses primary, secondary, and higher education, often delivered by certified teachers and following a set curriculum.

Standardized Tests

Uniform tests designed to assess and compare the performance of individuals or groups on a specific set of criteria.