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A Construction Firm Realizes That Suppliers Have Increased the Prices

Question 33

Multiple Choice

A construction firm realizes that suppliers have increased the prices of steel after doing a market analysis for the prices quoted by various suppliers for the same type of steel.Also, the firm is not satisfied with the performance of the supplier and decides to replace it.In the context of the business-to-business (B2B) buying process, the firm is currently in the stage of:


A) proposal analysis.
B) RFP process.
C) need recognition.
D) supplier selection.
E) product specification.

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