Question

which approach is likely to be used for leverage purchases? multiple choice purchasing cards vendor-managed inventory using executive champions standardizing purchases

Answer 1

Standardizing purchases is the approach most likely to be used for leverage purchases. Thus, the correct answer option is (d) ''standardizing purchases''.

Leverage purchases refer to the purchase of those assets for which people use a significant amount of borrowed money with the hopes of growing their money in the future. For example, if an individual takes out a loan to invest in their business, the investment the individual pour into theri business helps them to earn more money than if he would not pursue their venture at all.  For leverage purchases, standardized purchases are the most useful approach. The standardized purchases approach defines a set of consistent rules for leverage purchases.

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