INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Invoice
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Request for bids
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Purchase agreement
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Blanket purchase order
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Detailed explanation-1: -To make such a decision, the purchasing specialist should consider his/her company’s production capabilities and the costs of making the need-ed parts. If the business is capable of making the needed parts and the cost would be low, then the company is likely to make the part versus buying it.
Detailed explanation-2: -Why should purchasing specialists develop positive relationships with their suppliers? to help ensure that the suppliers will follow through on their promises.
Detailed explanation-3: -Purchasing. Purchasing, or procuring, is the buying of goods and services for a business.
Detailed explanation-4: -The buying center of a business can complicate how a sale occurs. The marketing manager will also have to deal with three different types of rebuys-new buy, modified rebuy and straight rebuy.