The Oakville Beaver needed a new printing press like the one that needed to be replaced.The firm's familiarity with the product and its manufacturer caused it to approach two companies-one in Canada and one in Japan-to see which could offer the better deal.It negotiated with both companies and quickly decided to buy from the Japanese manufacturer when it offered to sell a press for $2.2 million less than its Canadian competitor.The quality of the Japanese companies product was far superior to the Canadian product.
-Refer to Oakville Beaver.What was this purchase an example of?
A) a contingency buy
B) a modified rebuy
C) a negotiated buying system
D) a straight rebuy
Correct Answer:
Verified
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