A reorder of an existing product or service from a list of acceptable suppliers is referred to as a
A)new buy.
B)straight rebuy.
C)modified rebuy.
D)standard buy.
E)make-buy.

Question

Quizplus · Accepted Answer

A straight rebuy is when a company reorders an existing product or service from a list of acceptable suppliers, with no changes or modifications to the product, service or suppliers. It is a routine purchase that requires minimal decision-making effort or evaluation. Therefore, a straight rebuy is the best choice for this situation.

A Reorder of an Existing Product or Service from a List