Sam Doharty, a purchasing manager in Willard Groups of Companies, is currently working with engineers and consultants to define the items to be purchased

Additionally, Sam and his team are ranking the importance of reliability, durability, and price desired in the items. In other words, they are preparing a(n) ________.
A) decision tree
B) supplier list
C) product proposal
D) order-routine specification
E) general need description

E

Business

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Which term refers to prices that buyers carry in their minds and check with when they look at a given product?

A) product line prices B) reference prices C) location-based prices D) product form prices E) time-based prices

Business

Failure to warn about a product's dangers can make an otherwise safe product defective

Indicate whether the statement is true or false

Business