The buying objective for nonprofit firms and government agencies is usually to
A. meet the needs of the groups they serve.
B. increase profits through increasing revenues.
C. reduce profits through reducing costs and reducing revenues.
D. increase profits through reducing costs.
E. maintain profits through reducing costs and increasing revenues.
Answer: A
You might also like to view...
Describe the PRIZM method of segmenting consumer markets
What will be an ideal response?
The single-step income statement is easier to prepare, but a criticism of this format is that gross profit and income from operations are not readily available
Indicate whether the statement is true or false
You have taken a job in industry and are facing your first ordering decision. As you prepare to place the order, you remember your instructor teaching you that you wouldn't use the EOQ formula if:
A) you followed a make-to-stock strategy for an item with stable demand. B) your carrying costs and ordering costs are known and relatively stable. C) the order size is constrained by capacity limitations such as the number or size of the delivery trucks. D) your setup costs and holding costs remain constant and can be determined.
A company is not liable for hyperlinks to third-party information that the company has explicitly or implicitly endorsed or approved
a. True b. False Indicate whether the statement is true or false