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QUESTION
(a) Explain the meaning of International Purchasing and illustrate your answer with an example
(b) (i) Discuss three main advantages of International Purchasing
(ii) Discuss the following problem areas in International Purchasing:
(1) True delivered cost
(2) Communication in terms of language and time zones
(c) (i) Explain the meaning of Countertrade and illustrate your answer with an example
(ii) List two benefits and two drawbacks of Countertrade
(d) Explain two ways in which globalization and the development of Information and Communication Technology (ICT) respectively have contributed in easing International Purchasing
Q. Explain the different methods for identifying fair? i. Competition based pricing: In this method, a product's price is set based on the competitor's price for the same produ
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Pursuit of one pricing philosophy will often preclude pursuit of another pricing strategy. The statement “Prices should reflect the customer’s willingness-to-pay”, is such an examp
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dentify the five Rights of Procurement (b) Five Rights are also termed as procurement mix. Using appropriate examples, discuss the difficulties for procurement practitioners to ac
How you can calculate EOQ and set safety level
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