Which of the following best explains the concept of 'purchasing effectiveness'?
A) Purchasing within budget
B) An assessment of costs and outputs achieved.
C) The extent to which, by choosing a certain course of action, a previously established goal standard is being pursued.
D) The extent to which, by choosing a certain course of action, a previously established goal standard is being met.

Question

Which of the following best explains the concept of 'purchasing effectiveness'? 
A) Purchasing within budget 
B) An assessment of costs and outputs achieved. 
C) The extent to which, by choosing a certain course of action, a previously established goal standard is being pursued. 
D) The extent to which, by choosing a certain course of action, a previously established goal standard is being met.

Quizplus · Accepted Answer

Purchasing effectiveness refers to the extent to which a previously established goal standard is being met by choosing a certain course of action. It is not just about staying within budget or assessing costs and outputs achieved, but rather achieving the intended outcome.

Which of the Following Best Explains the Concept of 'Purchasing