Purchasers use this type of pricing to maintain a fixed price for a product or commodity they will need in the future. This is called a:
A) consignment purchasing
B) firm price
C) hedging
D) contract price
Correct Answer:
Verified
Q1: "Hedging" does not refer to the practice
Q2: An arrangement made with a vendor to
Q3: As a basic principle of purchasing, you
Q4: Which of the following is not true
Q6: The analysis of base month prices and
Q7: The disadvantages to standing orders may be:
A)
Q8: Consignment purchasing and pricing depend on you
Q9: You may unilaterally adjust payment of a
Q10: One of the best ways to ensure
Q11: Any food-service business experiences price fluctuations. It
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents