The Objective of Purchasing Is to Ensure That Required Materials

question 112

True/False

The objective of purchasing is to ensure that required materials are available when they are needed, in the proper amounts, and at minimum cost.

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Definitions:

Postpone

To delay or put off an event, action, or decision to a later time.

Sales Presentation

A formal communication or demonstration aimed at promoting a product or service to potential customers.

Relatively Inexpensive

Describes goods or services offered at a low price in comparison to their perceived value or the prices of competing products.

Subject of Price

The consideration and analysis of pricing in relation to a product or service, focusing on factors like setting, competition, and value to the consumer.