Illustrate the differences between a straight rebuy, modified rebuy, and a new-task purchase
What will be an ideal response?
In a straight rebuy, the purchasing department reorders on a routine basis and choose from suppliers on an approved list. In a modified rebuy, the buyer wants to modify product specifications, prices, delivery requirements, or other terms. Lastly, in the new-task purchase, a purchaser buys a product or service for the first time.
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A(n) _________ is a country that lacks a high standard of economic, social and technological infrastructure.
A. developed infrastructure B. MNC C. industrialized nation D. less-developed nation
Which of the following is not one of the five lessons companies can apply to plan for the worst?
A) Create alternative scenarios. B) Be prepared for the unimaginable. C) Try to estimate probabilities. D) Try to avoid thinking the worst.