Multiple Choice
The textbook discusses the significant difference between buying and purchasing. In general the purchasing process refers to buying goods and services for _______________. Buying typically means procuring items for ________.
A) use by the buying organization / external use
B) vendors / wholesale
C) use by client organizations / resellers
D) use by the buying organization / resale
E) resale / use by the buying organization
Correct Answer:

Verified
Correct Answer:
Verified
Q42: The negotiated agreement between buyers and sellers
Q43: Indirect purchasing can be divided into two
Q44: The world of _ commerce has become
Q45: usinesses that use reverse auctions, or e-auctions,
Q46: In most cases, the best place to
Q48: There are some definite benefits to utilizing
Q49: There are many benefits to using EDI.
Q50: Increased shrinkage.
Q51: -purchasing has lead to significant cost saving
Q52: Reverse auctions should be used to gain