Belt Auction

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 is always more efficient than making an item * Purchasing has an impact on the quality of the goods and services sold * Competitive bidding is a major factor in long-term cost reductions

Public Comments

1. i think only the v3rd statemnt is true