Which of the Following Is a Reason Small Value Purchases

question 13

Multiple Choice

Which of the following is a reason small value purchases are handled differently?

• A)To give the buyer additional supplier choices
• B)To obtain a higher quality product
• C)To have better tracking of material usage
• D)To control unnecessary administrative costs

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Definitions:

Average Rate

A mathematical mean or typical value of a set of rates, often used in reference to interest rates, pricing, or other financial statistics.

Market Demand

The total quantity of a product or service that is desired by all potential consumers in a market at various price levels.

Competitive Industry

An industry landscape where multiple firms compete against each other, often leading to innovation and lower prices for consumers.

Competitive Industry

A market sector characterized by many firms competing against each other for customers, leading to innovation and lower prices.