Which of the following statements about the types of organizational purchases is true?

Question

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New task purchases are more complex than straight rebuys and modified rebuys because they require extensive information gathering, evaluation of alternatives, and usually involve high levels of risk and the need for innovative solutions. Straight rebuys are routine purchases of the same products from the same supplier, while modified rebuys involve purchasing the same products but with some modifications or changes in specifications. The time frame for a new task purchase is often longer than that for a straight rebuy or modified rebuy due to the complexity of the decision-making process. There may be fewer suppliers involved in a straight rebuy as companies often have preferred suppliers for routine purchases.

Which of the Following Statements About the Types of Organizational