The final step in the purchasing cycle is
a. Developing the sourcing strategy
b. Soliciting and evaluating bids
c. Notifying the selected supplier and implementing the contract
d. Collecting supplier information
c. Notifying the selected supplier and implementing the contract
You might also like to view...
In _____, the raw data is organized in tables that show information in summaries and ratios so that the inquirer does not have to wait for processing raw data.
Fill in the blank(s) with the appropriate word(s).
Overuse of promotional pricing can erode a brand's value in the eyes of customers
Indicate whether the statement is true or false
Firm ABC had operating profits of $100,000, taxes of $17,000, interest expense of $34,000, and preferred dividends of $5,000. What was the firm's net profit after taxes?
A) $66,000 B) $49,000 C) $44,000 D) $83,000
Based on the premise that, other things equal, countries would prefer a fixed exchange rate, which of the following statements is NOT true?
A) Fixed rates provide stability in international prices for the conduct of trade. B) Fixed exchange rate regimes necessitate that central banks maintain large quantities of international reserves for use in the occasional defense of the fixed rate. C) Fixed rates are inherently inflationary in that they require the country to follow loose monetary and fiscal policies. D) Stable prices aid in the growth of international trade and lessen exchange rate risks for businesses.