Which of the following best explains 'purchasing effectiveness'?
A) The extent to which, by choosing a certain course of action, a previously established goal or standard is met.
B) This refers to the relationship between planned and actual costs.
C) The savings made against budget allocation.
D) The longer term consequences of the activity.

Question

Which of the following best explains 'purchasing effectiveness'? 
A) The extent to which, by choosing a certain course of action, a previously established goal or standard is met. 
B) This refers to the relationship between planned and actual costs. 
C) The savings made against budget allocation. 
D) The longer term consequences of the activity.

Quizplus · Accepted Answer

Purchasing effectiveness is about how well a chosen action meets a pre-established goal or standard, reflecting the efficiency and success of the purchasing decision in achieving its objectives.

Which of the Following Best Explains 'Purchasing Effectiveness