Ask Question
Social StudiesSocial Studies
12 February, 16:58

Definition of principal of purchasing

+5
Answers (1)
  1. 12 February, 17:23
    0
    The principals of purchasing are the guidelines for the buyer to know the optimal things to consider when buying.

    Explanation:

    There are five accepted principals of purchasing and they are defined here as such:

    The Right Quality: The person must know the difference between bad quality and good quality of product they are buying.

    The Right Quantity,: What is the optimal amount of product that is needed?

    The Right Price: They must know if the price they are buying it for is good.

    The Right Place: Is there a better place to buy the same product from that can be more trustworthy.

    At the Right Time: The right time to buy products whose quality can fluctuate.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Definition of principal of purchasing ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
On the government-wide statement of activities, depreciation expense for assets that essentially benefit all functions, such as the city hall, may be reported as a separate line item or on the same line as the General Government or similar function.
Answers (1)
What was one way That colonist rebelled against British economic polices? A. They enacted the Towshed acts B. They formed the sons of liberty C. They wrote the writs of assistance D. They repealed the stamp act
Answers (1)
Textos expositivos que explican y describen de manera exacta y real
Answers (1)
Research that translates the social world into numbers that can be treated mathmatically this type of research often tried to find cause-and-effect relationsips?
Answers (1)
What is the principal determinant for the release of ADH from the posterior pituitary gland? Does ADH favor the formation of dilute or concentrated urine? Explain why.
Answers (1)
New Questions in Social Studies
Which of the following factors explains most of the differences in standards of living among countries around the world? Welfare and transfer payments Productivity Labor unions Minimum wage laws
Answers (1)
Why is ozone important to living oranisms on earth?
Answers (2)
Why did Rome fight the Punic Wars?
Answers (2)
Which of the following statements is true? a. An aggravated assault can occur without a weapon of some sort. b. Aggravated mayhem cannot occur without a battery. c. An assault can occur without a battery. d. A battery can occur without an assault.
Answers (2)
John a supervisor at the local factory receives frequent requests from coworkers on how to fix the machines they use what should John do
Answers (1)
Home » Social Studies » Definition of principal of purchasing
Sign Up Forgot Password?