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Stages in Buying Process Multiple Choice Questions with Answers – PDF Download

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Stages in Buying Process MCQs PDF Download – Prep Test

MCQ 1: The electronic markets in which prices fluctuate in every second are classified as:

  1. spot markets
  2. exchange markets
  3. vertical markets
  4. both A and B

MCQ 2: The types of electronic procurement hubs are:

  1. geographical hubs
  2. vertical hubs
  3. functional hubs
  4. both B and C

MCQ 3: The companies shift the ordering responsibility to the specific supplier's in managing systems are classified as:

  1. vendor managed inventory
  2. replenishment programs
  3. continuous programs
  4. inventory management

MCQ 4: The companies join together to gain more discounts on volume purchases are classified as:

  1. barter alliances
  2. buying markets
  3. buying alliances
  4. private exchanges

MCQ 5: The markets in which participants directly exchange goods or services are classified as:

  1. public markets
  2. barter markets
  3. buying markets
  4. private alliances

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