The replenishment cycle occurs at the retailer/distributor interface

Which of the following is an advantage of status quo pricing?

a. It leads to optimal pricing of a product. b. It maintains an organization's differential advantage. c. It gives greater importance to the demand and costs of a product. d. It requires little planning.

Ross Stuart is a purchasing manager in a Texas-based manufacturing company. He sources most of the raw materials needed by his company from Kramer Corp However, Ross is unhappy with Kramer's prices

Additionally, he thinks that the quality of the raw materials supplied by Kramer is substandard. Which of the following stages in the business buying process is Ross' company currently in? A) general needs description B) problem recognition C) product specification D) order-routine specification E) performance review