A purchasing consortium:A) is a form of collaborative purchasing used only by the public sector to deliver a wider range of services at a lower total cost.B) speeds up the purchasing process,but does not usually result in price concessions from suppliers.C) results in price concessions from suppliers,but usually does not speed up the purchasing process.D) consists of two or more independent organizations that combine requirements for materials,services,and capital goods to gain better pricing,service,and technology.E) consists of two or more divisions of the same organization that combine requirements for materials,services,and capital goods to gain better pricing,service,and technology.

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Jayce Jones · Accepted Answer

Final Answer : D, Explanation :  A purchasing consortium consists of two or more independent organizations that combine their requirements to gain better pricing, service, and technology from suppliers. This helps to leverage the purchasing power of the consortium members, resulting in better bargaining power and lower total costs.

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