FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of these is a distinct characteristic of a commodity item? Cost is not a consideration. There are many suppliers of the item. Purchasing decisions

image text in transcribed

Which of these is a distinct characteristic of a commodity item? Cost is not a consideration. There are many suppliers of the item. Purchasing decisions are often made using an auction. It is not a significant purchase for the company

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Inventory Optimization Models And Simulations

Inventory Optimization Models And Simulations

Authors: Nicolas Vandeput

1st Edition

3110673916, 978-3110673913

More Books

Students also viewed these General Management questions

Question

★★★★★
Miriam, the sole tax adviser of a financial planning firm, is contemplating an offer to become Director of Taxation of Neil Manufacturing Limited (NML) of Dundas, Ontario. The offered compensation...

Answered: 1 week ago

Question

★★★★★
12. The U.S. government spends over $15.8 billion on its Food Stamp Program to provide millions of Americans with the means to purchase food. These stamps are redeemable for food at over 160,000...

Answered: 1 week ago

Question

★★★★★
Voice processing has its proponents as well as its opponents. Both sides are capable of shedding light on the pros and the cons from the perspective of the customers as well as the supplier. (a) Name...

Answered: 1 week ago

Question

★★★★★
Patricia Fox plans to borrow $5,000 and to repay it in 36 monthly installments. This loan is being made at an annual add-on interest rate of 7.5 percent. a. Calculate the finance charge on this loan,...

Answered: 1 week ago

Question

★★★★★
Which of these is a distinct characteristic of a commodity item? Cost is not a consideration. There are many suppliers of the item. Purchasing decisions are often made using an auction. It is not a...

Answered: 1 week ago

Question

★★★★★
3. The response of investment to fiscal policy a. Using the IS-LM diagram, show the effects on output and the interest rate of a decrease in government spending. Can you tell what happens to...

Answered: 1 week ago

Question

★★★★★
The following information for the past year for the Blaine Corporation has been provided: Fixed costs: Manufacturing Marketing Administrative Variable costs: Manufacturing Marketing Administrative...

Answered: 1 week ago

Question

★★★★★
Sandhill Corporation ended its previous fiscal year with a defined benefit obligation of $159,950 and plan assets of $162,400. On January 1, 2020, the company amended its one-person defined benefit...

Answered: 1 week ago

Question

★★★★★
You are an assistant Business Consultant at Simplicity Financial and Business Advisory Group (SFBAG) Pty Ltd.You are assigned to work with new clients Petra Trail & Greg Change Partners (PTGCP)....

Answered: 1 week ago

Question

★★★★★
Scenario You are an assistant Business Consultant at Simplicity Financial and Business Advisory Group (SFBAG) Pty Ltd.You are assigned to work with new clients Petra Trail & Greg Change Partners...

Answered: 1 week ago

Question

★★★★★
Scenario You are an assistant Business Consultant at Simplicity Financial and Business Advisory Group (SFBAG) Pty Ltd.You are assigned to work with new clients Petra Trail & Greg Change Partners...

Answered: 1 week ago

Previous Question Next Question