The buying process of private-sector companies, such as manufacturers and resellers, differs from the buying process of governments in that private companies:
A)have relatively big budgets and seek the best value when buying products.
B)are more likely to engage in reciprocal buying.
C)always opt for a supplier with a strong brand equity regardless of the price they quote.
D)must disclose their buying criteria and buying process to the public.
E)make purchases that comply with the policy guidelines set by the WTO.

Question

Quizplus · Accepted Answer

Private-sector companies are more likely to engage in reciprocal buying, where they purchase from their own customers, a practice less common or applicable in government procurement processes. Governments are bound by regulations that require transparency and fairness, making reciprocal buying less feasible.

The Buying Process of Private-Sector Companies, Such as Manufacturers and Resellers