__________ professionals are primarily charged with the responsibility for controlling the total cost of ownership (TCO).
A) Accounting
B) Purchasing
C) Marketing
D) Buying
E) Operating

Question

Quizplus · Accepted Answer

Purchasing professionals are directly responsible for controlling the total cost of ownership (TCO) by selecting suppliers who offer the best value for money. They negotiate prices and terms with suppliers, monitor supplier performance, and continually seek ways to reduce costs while maintaining quality. Accounting professionals may also be involved in tracking costs and analyzing financial data, but their primary focus is on financial reporting and compliance. Marketing and sales professionals are focused on generating revenue rather than controlling costs. "Buying" and "operating" are not distinct professional fields, but rather activities that fall under the purview of purchasing and operations professionals, respectively.

__________ Professionals Are Primarily Charged with the Responsibility for Controlling