Asked by Adriana Davis on May 05, 2024

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What is the small business manager's priority when purchasing?

A) best value
B) lowest price
C) highest quality
D) highest price

Small Business

A business is generally considered small if it is independently owned, operated, and financed; has fewer than 100 employees; and has relatively little impact on its industry.

Purchasing Priority

The practice of prioritizing procurement activities based on factors such as urgency, price, or importance to the business.

  • Ascertain the financial outlays linked to inventory and prioritize acquisition decisions.
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CM
carlos munizMay 12, 2024
Final Answer :
A
Explanation :
The priority for a small business manager when purchasing is to obtain the best value, which balances cost with quality and service to meet the business's needs effectively.