The first step in the purchasing cycle is
a. Collecting supplier information
b. Conducting an internal assessment
c. Developing the sourcing strategy
d. Assessing the market
b. Conducting an internal assessment
You might also like to view...
What are the services offered to manufacturers and consumers by retailers in a one-level distribution
channel structure? What will be an ideal response?
Which of the following documents would most likely use an introduction/problem, facts/findings, conclusions, and recommendations organization?
A) E-mail message B) Analytical report C) Proposal D) Procedural document
The basic balance sheet relationship is:
A. assets plus owner's equity equal liabilities. B. assets plus liabilities equal owner's equity. C. assets equal liabilities plus owner's equity. D. assets equal owner's equity minus liabilities.
In terms of work motivation and practices, in the United States, ________.
A. employees work as teams B. people pay more attention to power and status C. individual initiative and achievement are rewarded D. managers are encouraged to seek consensus before acting