Business Purchasing Functions Quiz

To buy goods and services needed for operations (correct)

To oversee financial planning

To manage employee relations

To develop marketing strategies

Only purchasing at the lowest price

Purchasing good quality materials (correct)

Buying only from domestic suppliers

Avoiding bulk purchases due to storage issues

Leads to discounted prices and cost savings (correct)

Reduces material quality

Decreases supplier relationships

Increases costs due to storage

<p>Primary sector</p> Signup and view all the answers

<p>Maintaining acceptable stock levels</p> Signup and view all the answers