Organizational buying refers to estimating the purchase requirement, evaluating purchase decision, choosing from the available suppliers as per the available quotations.
In the process of organizational buying, an objective unbiased assessment of a suppliers products and supplier capabilities with respect to meeting purchase requirements and quality standards defines an organizations buying criteria.
Organizational buying criteria in short refers to the parameters based upon which an organization opts for a particular suppliers products from the available alternatives.
Option "A" is the correct answer to the following statement.
Explanation:
Institution buying is the choice-making mechanism through which structured organizations determine necessity products and services consumed and define, analyze and select between alternate suppliers and distributors.
organizational buying criteria, determine what should an organization purchase to obtain higher savings.
