8-The profit-leverage effect of purchasing savings means that.. a- a reduction in money tied up in inventory improves profits b-a reduction in purchase spend increases profits more than an equal sales increase c-effective price negotiation with a supplier will reduce a supplier's profit d-the buyer gains leverage over suppliers as purchases are standardized
8-The profit-leverage effect of purchasing savings means that.. a- a reduction in money tied up in inventory improves profits b-a reduction in purchase spend increases profits more than an equal sales increase c-effective price negotiation with a supplier will reduce a supplier's profit d-the buyer gains leverage over suppliers as purchases are standardized
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please help 8 &9
![d
c-reducing annual spend
d-improving process efficiency
e-all of the above
8-The profit-leverage effect of purchasing savings means that..
a- a reduction in money tied up in inventory improves profits
b-a reduction in purchase spend increases profits more than an equal sales increase
c-effective price negotiation with a supplier will reduce a supplier's profit
d-the buyer gains leverage over suppliers as purchases are standardized
9-Partners that can help a firm conduct International Purchasing include all of these except...
a-Import Brokers
b-Stock Brokers
c-Trading Companies
d-Import Merchants
10. Using the Key steps of the Basic Purchasing Process, cite an example of an industrial purchase
# 3
69 +
4
G Search or type URL
do LO
%
MacBook Pro
5
6
&
7
8
+](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F31d6cf43-88ea-4f40-92c3-e64c1446db63%2F67a5c385-f8ff-494f-a95e-84c4ef86910e%2Fkvei00o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:d
c-reducing annual spend
d-improving process efficiency
e-all of the above
8-The profit-leverage effect of purchasing savings means that..
a- a reduction in money tied up in inventory improves profits
b-a reduction in purchase spend increases profits more than an equal sales increase
c-effective price negotiation with a supplier will reduce a supplier's profit
d-the buyer gains leverage over suppliers as purchases are standardized
9-Partners that can help a firm conduct International Purchasing include all of these except...
a-Import Brokers
b-Stock Brokers
c-Trading Companies
d-Import Merchants
10. Using the Key steps of the Basic Purchasing Process, cite an example of an industrial purchase
# 3
69 +
4
G Search or type URL
do LO
%
MacBook Pro
5
6
&
7
8
+
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