The Internet is making it faster and easier for organizational buyers to use competitive bidding procedures.
Answer the following statement true (T) or false (F)
True
Rather than search for suppliers, buyers sometimes post their requirements and invite qualified suppliers to submit a bid. Some firms set up or participate in a procurement website that directs suppliers to companies (or divisions of a company) that need to make purchases.
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Which one of the following statements is true?
a. The two primary sources of financing available to corporations are borrowed funds and funds invested by owners. b. Financing activities involve the acquisition of property, plant and equipment. c. Borrowed funds are a more permanent source of financing than funds invested by owners. d. Investing activities involve the selling of products or services and the incurring of expenses related to selling these products and services.
Discuss how power and politics are related.
What will be an ideal response?
The product is
A. only a physical object. B. the only thing the buyer wants in the international market. C. the result of economies of scale. D. the central focus of the marketing mix.
In time studies, personal time allowances are often established in which of the following ranges?
A) 0 - 2% B) 3 - 5% C) 4 - 7% D) 6 - 10% E) 10 -15%