Which one of the following statements about purchasing is true?

[Medesa]

Question 1

One dollar saved in purchasing is
◦ only worthwhile if you are in the 50% tax bracket and still have a low profit margin.
◦ equivalent to a dollar earned in sales revenue.
◦ worth from 35% in the technical instrument industry to 70% in the food products industry.
◦ worth even more than a dollar earned in sales revenue.
◦ worth slightly more than a dollar earned because of taxes.

Question 2

Which one of the following statements about purchasing is true?
◦ The cost of purchases as a percent of sales is often small.
◦ Purchasing provides a major opportunity for price increases.
◦ Purchasing has an impact on the quality of the goods and services sold.
◦ Competitive bidding is a major factor in long-term cost reductions.
◦ Purchasing is always more efficient than making an item.

[AngeliqueG]

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[Medesa]

Gracias!

[adammoses97]

Thanks for the timely response, appreciate it