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3 years ago

A purchasing consortium:

Business

1 answer:

zzz [600]3 years ago

4 0

Answer:

a. consists of two or more independent organizations that combine their requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers.

Explanation:

A purchasing consortium consists of two or more independent organizations that combine their requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers. It is also known as group purchasing organization or cooperative purchasing and typically comprises of organizations sharing similar purchasing requirements or needs coming together in order to enhance their purchasing or bargaining power (capabilities) in the market.

The main purpose of a purchasing consortium is to provide a leverage for two or more independent organizations by reducing their purchasing costs when acquiring resources or materials required for the smooth operation of their business.

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Exodus Limousine Company has $1,000 par value bonds outstanding at 17 percent interest. The bonds will mature in 40 years. Use A

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Answer:

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4 years ago

The minimum wage is an example of a Group of answer choices price ceiling. price door. price wall. price floor.

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Answer:

price floor

Explanation:

A price ceiling is a limit that is established by the government that determines the highest price that can be charged for a product or service.

A price floor is a control that is established by the government that determines the lowest price for a product or service.

According to this, the answer is that the minimum wage is an example of a price floor because it determines the minimum amount that a company can pay to a worker.

The other options are not right because a price ceiling establishes the highest price for a product and price door and price wall are not price controls.

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