Multiple Choice
_____ represents the difference between a price paid and a potentially higher price (which might have occurred if purchasing had not obtained the lower price through a specific effort or action) .
A) Target cost
B) Cost reduction
C) Target price
D) Cost avoidance
E) None of these answers.
Correct Answer:

Verified
Correct Answer:
Verified
Q52: A single, overall productivity measure representing purchasing
Q53: Cost avoidance figures almost always require manual
Q54: Actual prices for similar items should not
Q55: All of the following are examples of
Q56: Although firms are increasingly focusing on cost
Q57: The most common method of establishing a
Q58: Which of the following is one of
Q59: Each location of an organization must use
Q60: A sound measurement and evaluation system provides
Q62: Few measures include a standard or target