[A/An] _____ is created by buyers from various businesses to pool their buying power together in order to reduce prices.
A)kanban
B)purchasing consortium
C)collaborative buyer-supplier relationship
D)reverse auction
E)zero-based budgeting

Question

[A/An] _____ is created by buyers from various businesses to pool their buying power together in order to reduce prices.
A)kanban
B)purchasing consortium
C)collaborative buyer-supplier relationship​
D)reverse auction
E)zero-based budgeting

Quizplus · Accepted Answer

A purchasing consortium is a group of buyers from various businesses that come together to negotiate better prices from suppliers by using their collective buying power. This allows these businesses to lower their costs and increase their profit margins.

[A/An] _____ Is Created by Buyers from Various Businesses to Pool