What is the role of the purchasing function in the business?
Q: What are the risks associated with backdoor (individualist) buying and selling?Why is Procurement…
A: Backdoor buying and selling is practice of purchase between suppliers and customers that goes…
Q: Discuss the reasons why measuring and evaluating purchasing performance has historically had certain…
A: The primary goals of a performance evaluation system is to evaluate how well a employee is…
Q: What does a technical code of buying ethics serve?
A: The ethics of conduct is driven by morals and universal ideals. Ethics is seen as an important…
Q: Do you think organizational purchasers should behave like entrepreneurs? Why or why not?
A: Answer: Organizational purchasers- Professionals who are in charge of the processes of buying…
Q: What factors contribute to increasing importance of purchasing within the organizational hierarchy?…
A: Factors contributing to increasing the importance of purchasing within the organization hierarchy…
Q: What is the price at which the product is starting tobe perceived as expensive?
A: Pricing refers to setting a price for a product or service at which it will be sold in the market…
Q: Do you think organizational purchasers behave like entrepreneurs?
A: Organizational purchasers are the people who are the representative of the business. They make a…
Q: What are the factors that affect your purchasing behavior and choice?
A: Consumers' purchasing behavior refers to the behavior displayed by the people while buying products…
Q: What are some of the most critical skills that buying and supply chain managers would need in the…
A: Primary skills The capacity for strategic planning and big thinking. This supply chain managers…
Q: key purchasing activities that take place in your office
A: There are many purchasing activities that take place in my office, some of them are discussed as…
Q: What are the objectives of Purchasing? Explain any two.
A: 1. Supply Continuity 2. Manage the Sourcing process efficiently and effectively 3. Develop Supply…
Q: Compare and discuss the difference between business to business and business to consumer , when they…
A: Business to business and business to the consumer: These are two classes of business transactions.…
Q: Does providing a good value mean selling at a low price?
A: Pricing decisions are very critical for any business. There are various pricing strategies that a…
Q: How do you protect retail stores from competitive threats in terms of Price Strategy?
A: If we look at the old school ways of shopping, then we will find the customers go to a retail store,…
Q: what is purchasing management
A: Purchasing decisions straightforwardly affect a business' inventory control and the administration…
Q: Explain the term Purchasing agents?
A: Today, it is recognized that purchasing greatly influences the foundation of the organization.…
Q: Giving examples, distinguish between the traditional and contemporary purchasing structures
A: Purchasing plays an important role in the operational functioning of any business. Purchasing is…
Q: What are the steps in the purchasing process?
A: Supply chain management is the management that supervises and manages the whole supply chain process…
Q: purchasing
A: Effective purchasing is a very important activity for a business organization. A good purchasing…
Q: what are the ethical purchasing principles
A: Purchasing is the cycle a business or association uses to get merchandise or services to achieve its…
Q: Why setting prices for business products is different from setting prices for consumer products?
A: Prices are the monetary value side by the company on the products and services as a part of exchange…
Q: How does Government make decisions when it comes to purchasing of items? Elaborate the whole…
A: Purchasing decisions are made by all organizations. Purchase of materials and services are done by…
Q: discuss the factors that contribute to the increasing importance of purchasing within the…
A: Factors contributing to the increasing importance of purchasing within the organizational hierarchy…
Q: xplain each of the key objectives of the purchasing function
A: Objectives Purchase The goals of a global procurement company considerably beyond the conventional…
Q: Why is it difficult to control cost related to marketing?
A: in general, marketing costs are simply the costs brought about in advancing your trade. Customarily,…
Q: The costs of procured goods and services are very important to public sector buyers. Whilst this is…
A: Procurement is the essential part of the supply chain strategy in every business necessitating…
Q: What is your perceptions of value and how much you are willing to pay for the following products:…
A: According to me, value refers to the worth, importance, and usefulness of products and services that…
Q: fiverr considered as consumer to business
A: Consumer-to-business is a business model where the consumer builds a product or service that an…
Q: Explain how the push and pull factors affect can affect the purchasing process
A: Marketing strategies are effective planning that gives proper directions to attract customers. It…
Q: What other issues beyond the market and the economy must marketers consider when setting prices?
A: Factors to consider when setting price Pricing is one of the most challenging aspects of running a…
Q: Understand why it is so important for purchasing to act in an ethical manner, and identify the risks…
A: Purchasing has an overwhelming impact on the bottom line of every organization and impact on the two…
Q: What factors contribute to the increasing importance of purchasing within the organizational…
A: Purchasing activities in an organization are not like any other simple purchase. These activities go…
Q: What is certain demand?
A: Marketing examines the needs and wants that are prevailing in marketing. It calls for marketing…
Q: Discuss the potential situations in which purchasing professionals might be guilty of conflflict of…
A: Giving and receiving gifts, family and personal relationships, investments, and the utilisation of…
Q: Note on evolution of purchasing development
A: A purchase of a product takes place when their is a requirement of the same by a consumer. Product…
Q: ethical and sustainable purchasing principles involving corporate social responsibiltiy
A: Purchasing principles: Right Quality Right Quantity Right PRice Right Source Right Time Right…
Q: Briefly describe each of the following, and explain how it is used in technical analysis: a.…
A: Technical analysis is carried out to assess and evaluate investments and other opportunities by…
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Solved in 2 steps
- Examine how a buying department should contribute to the organisational strategic planning process.If you were to practice, what are some ways by which you can increase the market's demand for your products?How can a company communicate the marketing budget and its allocation to stakeholders within the organization?