In the three-step approach to organizational buying, the second step-the decision-making process-involves

A. describing the need.
B. monitoring supplier performance.
C. identifying the problem.
D. specifying the product.
E. soliciting proposals/bids from suppliers.


Answer: E

Business

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Which of the following questions about a proposed action is NOT a key question in Bagley's ethical decision tree?   

A. Is it legal? B. Does it maximize shareholder value? C. Is it ethical? D. Would it be ethical not to do it? E. Should the effect of it be disclosed to shareholders?

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Before an audience will take the time to read or listen to a message, they have to be interested in the subject matter

Indicate whether the statement is true or false.

Business

In the early days of word processing, dictation was commonly used

Indicate whether the statement is true or false.

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The Southern Corporation manufactures a single product and has the following cost structure:    Variable costs per unit:$38Production  Selling and administrative$14Fixed costs per year:  Production$140,000Selling and administrative$84,000 Last year, 7,000 units were produced and 6,800 units were sold. There was no beginning inventory. Under variable costing, the unit product cost would be:

A. $38 per unit B. $70 per unit C. $52 per unit D. $58 per unit

Business