A ____ specifies how a group tasked with developing the strategy for the specific commodity being purchased will achieve goals that in turn will support higher-level strategies.
A) commodity strategy
B) corporate strategy
C) supply management strategy
D) functional strategy
E) business unit strategy

Question

Quizplus · Accepted Answer

A commodity strategy specifically focuses on developing a plan for achieving goals related to a specific commodity being purchased. This is different from corporate strategy, which is focused on overall goals and direction for the entire company. Supply management strategy may involve purchasing and procurement, but it is not specific to a single commodity. Functional and business unit strategies may also be related to specific goals, but they are not specifically focused on purchasing commodities.

A ____ Specifies How a Group Tasked with Developing the Strategy