Group purchasing is an important factor in institutional markets as institutions often join cooperative associations to pool purchases for quantity discounts.

Question

Quizplus · Accepted Answer

This statement is true. Group purchasing is a common practice in institutional markets, with institutions often joining cooperative associations to benefit from quantity discounts on purchases. This allows them to leverage their collective buying power to negotiate better deals with suppliers and lower their overall costs.

Group Purchasing Is an Important Factor in Institutional Markets as Institutions