Asked by nelly becerril on May 11, 2024
Verified
In the Item Procurement Importance Quadrant, what is described as high risk, high value?
A) Generics
B) Commodities
C) Criticals
D) Distinctives
High Risk
A situation or investment that carries a significant chance of loss or failure.
High Value
Denoting something that possesses great importance, worth, or usefulness, especially in terms of monetary or material worth.
- Identify the significance and potential dangers linked to various procurement items, including commodities, generics, critical items, and distinctive goods.
Verified Answer
TR
tracy riegerMay 17, 2024
Final Answer :
C
Explanation :
Critical items are described as high risk, high value in the Item Procurement Importance Quadrant. These items are essential for the production process and have a significant impact on the end product quality. Therefore, they require careful selection, monitoring, and management.
Learning Objectives
- Identify the significance and potential dangers linked to various procurement items, including commodities, generics, critical items, and distinctive goods.
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