Answer:
Vendor analysis
Explanation:
Organizational Buying Process
This is simply refered to as the decision making process where organizations state the need for purchased products and services and thereafter identify or evaluate to choose among them. There are 3 influences purchase type. They includes: structural and behavioral.
Vendor analysis in organizations buying influence is simply known as the behavioral needs of the buyer.
ethical conflicts may sometimes arise in buyer-supplier relationships. This can help the buying organization to manage spending
Vendor Analysis
This is simply refered to as a formal rating of suppliers on all important areas of performance.
The usual goal of a vendor analysis is to lower the total costs of a purchase.
The steps in Organizational buying process. They includes:
1. Recognize the product needed
2. Vendor analysis
3. Purchase decision
4. Post purchase evaluation.
Answer:
When an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.
Explanation:
According to the Keynesian perspective, firms produce output only if they expect it to sell.
While the availability of the factors of production determines a nation’s potential gross domestic product (GDP), the amount of goods and services actually being sold, known as real GDP depends on how much demand exists across the economy.
Keynes termed a fall in the aggregate demand as a recessionary gap.
A recessionary gap refers to an economy operating at a level below its full-employment equilibrium. Under this condition, the level of real gross domestic product (GDP) is lower than the level of full employment, which puts downward pressure on prices in the long run.
Thus, when an economy produces at full employment, but consumers, government, there is a recessionary gap - Option B.
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Answer:
$880 favorable
Explanation:
The computation of direct materials price variance for last month is shown below:-
Direct material price variance = Actual quantity × (Standard price - Actual price)
= 2,200 × ($8 - ($16,720 ÷ 2,200)
= 2,200 × ($8 - 7.6)
= 2,200 × $0.4
= $880 Favorable
Therefore for computing the direct materials price variance for last month we simply applied the above formula.
