Procurement-Which one of the following is not a reason to purchase globally? A.Product availability B.Labor availability C.Reserving capital for other purchases instead of using it for equipment needed. D.Budget surplus to use before year end

Answered: Which one of the following is not a…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Procurement-

Which one of the following is not a reason to purchase globally?

	A.	Product availability
	B.	Labor availability
	C.	Reserving capital for other purchases instead of using it for equipment needed.
	D.	Budget surplus to use before year end

Expert Solution

Step 1

Procurement means to purchase goods and services for the business purposes.

Nations purchase form one another due to several reasons such as product unavailability and high cost.

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