BUS 520 QUESTIONS AND ANSWERS

1) The market consists of schools, hospitals, nursing homes, prisons, and other institutions that must provide goods and services to people in their care. 2) The purchasing department buys office supplies on a routine basis from a pre-approved list of suppliers. This type of purchase is classified as a ...................... . 3) A .......................... plan establishes a long-term relationship in which the supplier promises to resupply the buyer as needed, at agreed-upon prices, over a s...