In purchasing an item, there are two conceptual dimensions, generally speaking, either product or service.  Compare and contrast the two concepts in terms of similarity and difference.  What kind of item can be an example, which includes both dimensions of product and service?

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Q: Price Resistance often surfaces during the negotiation phase of any sale. Firstly, what in your…

A: Price negotiation means making any attempt by the buyers to reduce the price while making the final…

Q: How should a manager decide the appropriate service level for finished goods items? Should some…

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Q: Sometimes a company may need to purchase goods or services that are unique, very complex, and/or…

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Q: Describe what is more important for a purchasing transaction, price timing or quality

A: Purchasing is really the act of buying to advance a company's goals.

Q: How is anticipating a material requirement or need through purchasing’s involvement on a new-product…

A: Anticipation inventory is the inventory kept by the business, usually at higher levels predicting…

Q: what is an amount deducted from the list price that is granted by a supplier of goods/services on…

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Q: Explain how can a purchasing department influence the financial performance of a large manufacturer.

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Q: Examine and compare software purchasing choices, including both traditional and web-based ones.

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Q: Assume you have a functional relationship with a buyer. You have been informed that the next order…

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Q: Is the supplier capable of hitting affordable targets regarding cost, quality, conductivity, weight,…

A: What makes a business lead towards success and running is the efficiency and inefficiency of the…

Q: When Do Supplier Evaluation and Selection Decisions Arise?

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Q: Is the Shesido company offering a Product (Tangible) or Service (Intangible)? Explain why is it…

A: Items are tangible and Services are intangible in nature. Elusiveness of services is got from the…

Q: You really want to buy the product and yet you do not have enough money to buy that item. Luckily,…

A: Above question is answered below:

Q: How Is a Value Analysis Plan better or worse than simply finding the lowest price for an item,…

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Q: A firm wants to stop its sales agents from pricing too aggressively to make sales by requiring the…

A: Marketing is a vital concept in business management. It not only helps in promoting the goods and…

Q: Is a Value Analysis Plan better or worse than simply finding the lowest price for an item,…

A: Price of an item definitely influence the customers. For a startup it is very important to determine…

Q: aren Weber, the purchasing agent for Smith Manufacturing, views the purchase of widgets as a routine…

A: Karen Weber might decide to change her decision of purchasing widgets if  Negative business impact –…