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True or False
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1
ISO 9000 means that a company documents its quality procedures according to internationally recognized standards.
A)True
B)False
2
"Multiple buying influence" means that several people in an organization share in making a purchase decision, but top management is never involved.
A)True
B)False
3
In a large company, the "buying centre" refers to all of the purchasing managers who work for the firm:
A)True
B)False
4
In a buying centre, the person who helps to write specifications is called the decider.
A)True
B)False
5
A requisition is a request for an item to be purchased.
A)True
B)False
6
In a straight rebuy, buyers do not look for new sources of supply.
A)True
B)False
7
Switching costs can work to a seller’s advantage because it makes it more difficult for a competitor to poach their customer.
A)True
B)False
8
On e-commerce auction sites, in general, the lowest bidder gets to purchase the product.
A)True
B)False
9
A competitive bid is the terms of sales posted by a buyer.
A)True
B)False
10
In the market composed of service producers, most firms are small and geographically dispersed.
A)True
B)False





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