ENTREPRENEURSHIP

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INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In addition to purchasing, Sherita’s job responsibilities include developing partnerships and alliances with suppliers, watching for business threats and opportunities, and looking for ways to improve processes. Sherita is involved in
A
strategic planning.
B
negotiation.
C
marketing planning.
D
productivity.
Explanation: 

Detailed explanation-1: -The purchasing specialist may also review the potential supplier’s credentials prior to placing an order. S/He might speak to the supplier’s references, visit the supplier’s plant, or even test the supplier’s product to ensure that the buyer is making the right choice.

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: -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.

Detailed explanation-4: -Retail buyers, on the other hand, purchase goods from. wholesalers or manufacturers to resell to consumers. Buying for transformation. To transform something means to change. its shape or appearance Purchasing specialists who buy items for transformation.

There is 1 question to complete.
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