In rapidly changing industries or those where purchased goods and services comprise a _____ portion of product or service costs, management usually recognizes the need to place purchasing in a _____ position in the organizational hierarchy.

Question

Quizplus · Accepted Answer

In industries where purchased goods and services comprise a larger portion of product or service costs, purchasing is recognized as a critical function and is placed in a higher position in the organizational hierarchy to ensure adequate focus and attention on this important area.

In Rapidly Changing Industries or Those Where Purchased Goods and Services