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A market has a considerable number of buyers and suppliers. Analysis of the market reveals that loyalty from buyers is relatively low and switching to alternative providers is commonplace. Which of the following market characteristics is supporting this type of buyer behaviour?
Which of these are advantages of using a conformance specification? Select TWO that apply.
Which of the following agencies can produce a technical standard?
Technical standards are often produced by a national or international body such as British Standard Institute (BSI)
LO 3, AC 3.1
Azram, a procurement analyst, has been tasked with applying whole life asset management when purchasing a piece of laboratory equipment. Was this the correct course of action?
Which of the following activities are considered as secondary activities of an organization? Select TWO that apply
According to Porter's value chain, secondary activities consist of firm infrastructure, human re-source management, technology development and procurement.
Training is an example of human resource development, while information system is a part of firm infrastructure.
LO 2, AC 2.1
