Inspection refers to a purchasing method in which a representative unit is taken from a lot and evaluated, and the buying decision is based on the conclusions.
Answer the following statement true (T) or false (F)
False
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Which of the following statements is true of shipping costs?
A. The terms and conditions of a sale exclude shipping costs involved in transporting the goods. B. "FOB installed" indicates that the title and responsibility are transferred before an equipment is installed and used for operation. C. Shipping costs are solely borne by the seller. D. FOB destination means the buyer will take responsibility for goods once they reach the buyer's location and the seller will pay the freight. E. FOB origin is also referred to as FOB installed.
Identify the correct statement about a straight rebuy
A) It is a very complex process. B) A long time frame is required for this process. C) The current supplier is in an advantageous position in a straight rebuy. D) It takes place while purchasing expensive and seldom-purchased products.
For which product would a company use an exclusive distribution strategy?
A) luxury cars B) newspapers C) chewing gum D) dairy products E) soft drinks
Firms are typically more successful when they focus on opportunities that build on their strengths relative to those of their competition.
Answer the following statement true (T) or false (F)