Most retail and wholesale buyers see themselves as purchasing agents for their target customers.
Answer the following statement true (T) or false (F)
True
Most retail and wholesale buyers see themselves as purchasing agents for their target customers. Typically, retailers do not see themselves as sales agents for particular manufacturers. They buy what they think they can profitably sell.
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When a customer makes a purchase over the Internet, the only communication that is important is sending them a thank you and acknowledgment of the order
Indicate whether the statement is true or false
The Fed undertakes defensive open-market operations
A. when it wants to change fiscal policy. B. because of seasonal effects or to offset a temporary change in money demand. C. to offset a permanent change in money demand. D. when it wants to change monetary policy.
Identify the two basic bribery schemes
a. Larceny and skimming b. Kickbacks and bid-rigging c. Economic extortion and illegal gratuity d. Lapping and extortion
To meet the end customer order due dates, it is the responsibility of the master scheduling and MRP system to ensure that ______.
A. purchase orders are issued with the right prices at which materials are to be purchased B. production and purchase orders are issued with valid due dates C. the right quantities of materials are specified D. the right personnel are hired for the company