Which of the following details is(are) included in the order specification stage of the B2B buying process?
A. bids for supplying the required components or parts
B. vendor performance assessment
C. reasons for choosing a selected vendor
D. prices and delivery dates
E. the request for proposal (RFP)
Answer: D
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Economic needs refer to the buyer's need to behave in an economically rational manner and buy the lowest priced item available.
Answer the following statement true (T) or false (F)
What is it called when an organization needs to identify and respond to changing social and ethical conditions?
A. issues management B. corporate social responsibility C. impression management D. responsiblity
Which of the following best describes a company's operating activities?
A) Operating activities are cash flows directly related to earning income. B) Operating activities are necessary to provide the money to start a business. C) Operating activities are needed to provide the valuable assets required to run a business. D) Operating activities represent the right to receive a benefit in the future.
Orin enters into a contract with Natalie. Later, Orin is adjudged mentally incompetent and Moseby is appointed Orin's guardian. Lila, Orin's daughter, attempts to void Orin's contract with Natalie on the grounds of Orin's incompetency. The contract is?
A)? enforceable if Orin does not attempt to disaffirm it B)? enforceable if Natalie is also incompetent. C) ?enforceable if Moseby knew of the contract when he was appointed. D)? void.