ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following companies is most likely to purchase raw materials and components to convert into finished products:
A
Target
B
Sears
C
Ford
D
Big Lots
Explanation: 

Detailed explanation-1: -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-2: -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-3: -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.

Detailed explanation-4: -Why should purchasing specialists develop positive relationships with their suppliers? to help ensure that the suppliers will follow through on their promises.

There is 1 question to complete.