Which of the Following Are the Two Basic Goals of E-Procurement

question 4

Multiple Choice

Which of the following are the two basic goals of e-procurement?

• A) Improved product quality / Control costs
• B) Rapid order fulfillment / Control costs
• C) Control costs / Simplify processes
• D) Rapid order fulfillment / Simplify processes

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Definitions:

Output

The total amount of goods or services produced by an individual, firm, or country over a specific period.

Marginal Revenue Curve

A graphical representation showing how the addition of one more unit sold affects the total revenue of a firm.

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.

Perfectly Competitive Firm

A theoretical business entity in an idealized market structure where no single firm can influence the price of its product, due to the presence of numerous sellers offering perfectly substitutable products.