Recognizing that purchase price is but one element of the total cost picture, the scope of ____________ goes far beyond the purchase price for any given item.
A) contracting systems
B) Purchase Order Systems
C) systems contracting
D) materials contracting

Question

Quizplus · Accepted Answer

Systems contracting encompasses a broader view of costs beyond just the purchase price, considering the total cost of acquisition, ownership, and operation of the purchased items.

Recognizing That Purchase Price Is but One Element of the Total