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Questions and Answers
What is the primary task of industrial buyers in the context of supply chain management?
What is the primary task of industrial buyers in the context of supply chain management?
- To purchase raw materials for conversion purposes (correct)
- To purchase merchandise for resale purposes
- To provide essential logistical services
- To acquire capital equipment and MRO supplies
Which category of buyers includes wholesalers and retailers who primarily purchase for resale purposes?
Which category of buyers includes wholesalers and retailers who primarily purchase for resale purposes?
- Industrial buyers
- Service buyers
- Bulk buyers
- Merchant buyers (correct)
What is purchasing widely called when it involves the acquisition of services?
What is purchasing widely called when it involves the acquisition of services?
- Acquisition
- Outsourcing
- Procurement
- Contracting (correct)
What is the key responsibility of purchasing in the context of supply chain management?
What is the key responsibility of purchasing in the context of supply chain management?
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What do merchant buyers primarily do to create value?
What do merchant buyers primarily do to create value?
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