Illustrate the differences between a straight rebuy, modified rebuy, and a new-task purchase
What will be an ideal response?
In a straight rebuy, the purchasing department reorders on a routine basis and choose from suppliers on an approved list. In a modified rebuy, the buyer wants to modify product specifications, prices, delivery requirements, or other terms. Lastly, in the new-task purchase, a purchaser buys a product or service for the first time.
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Functional departmentalization involves organizing departments around ______.
a. essential input activities b. goods and services c. essential output activities d. whatever arrangement functions best in the current environment
Which aspects of an organization’s physical space encourage open communication?
A. open space, live plants, music, food B. open space, surveillance cameras, closed doors C. waterfalls, sparse furniture, surveillance cameras D. music, sparse furniture, long empty hallways
Which of the following are potential drawbacks of a decentralized federation structure, where a parent company establishes different national subsidiaries?
a. Decisions may be made wholly in terms of local relevancies, which may not always serve the interests of the centre b. Duplication of effort and cost inefficiencies as each periphery replicates functions locally, on a small and more costly scale c. Resistance to innovations from subsidiaries who view themselves as rival centres in the federation d. All of the above
Issuers can place tombstone ads during the waiting period
Indicate whether the statement is true or false