Answered: SLO 7.1. The purpose of a requisition…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Question

SLO 7.1. The purpose of a requisition is:

To request or requisition supplies from external suppliers
To give users a way to authorize buyers to acquire goods and services
To clarify the description of need before communicating with potential suppliers
To solicit price quotes for goods or services from suppliers
To give finance a way to have the final say in any decision to spend money

SLO 8.1. Online reverse auctions are typically used when:

Specifications are clearly defined
There is a competitive supply market with qualified suppliers willing to participate
The buyer is prepared to switch suppliers if necessary
Specifications are clearly defined and there is a competitive supply market with qualified suppliers willing to participate
Specifications are clearly defined, there is a competitive supply market with qualified suppliers willing to participate, and the buyer is prepared to switch suppliers if necessary

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