Why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price. Introduction: Supply management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations.

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Answer 1

Question

Chapter 11, Problem 1DQ

Summary Introduction

To determine: Why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price.

Introduction: Supply management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations.

Expert Solution & Answer

Explanation of Solution

Determine why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price:

The purchase should evaluate the making cost of an item to determine the fair and reasonable price of the item. Thus, he can avoid the fraudulent action of a shopkeeper. The making cost of the product helps the purchaser to determine the quality of the product. It is applicable for all manufacturing products.

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Why should a purchaser evaluate the cost of making an item instead of simplyevaluating the purchase price? Is this true for all types of products? Why or why not?

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Answer 2

Question

Chapter 11, Problem 1DQ

Summary Introduction

To determine: Why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price.

Introduction: Supply management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations.

Expert Solution & Answer

Explanation of Solution

Determine why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price:

The purchase should evaluate the making cost of an item to determine the fair and reasonable price of the item. Thus, he can avoid the fraudulent action of a shopkeeper. The making cost of the product helps the purchaser to determine the quality of the product. It is applicable for all manufacturing products.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 11, Problem 1DQ

Summary Introduction

To determine: Why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price.

Introduction: Supply management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations.

Expert Solution & Answer

Explanation of Solution

Determine why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price:

The purchase should evaluate the making cost of an item to determine the fair and reasonable price of the item. Thus, he can avoid the fraudulent action of a shopkeeper. The making cost of the product helps the purchaser to determine the quality of the product. It is applicable for all manufacturing products.

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Answer 4

Question

Chapter 11, Problem 1DQ

Summary Introduction

To determine: Why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price.

Introduction: Supply management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations.

Expert Solution & Answer

Explanation of Solution

Determine why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price:

The purchase should evaluate the making cost of an item to determine the fair and reasonable price of the item. Thus, he can avoid the fraudulent action of a shopkeeper. The making cost of the product helps the purchaser to determine the quality of the product. It is applicable for all manufacturing products.

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Answer 5

Chapter 11, Problem 1DQ

Summary Introduction

To determine: Why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price.

Introduction: Supply management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations.

Expert Solution & Answer

Explanation of Solution

Determine why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price:

The purchase should evaluate the making cost of an item to determine the fair and reasonable price of the item. Thus, he can avoid the fraudulent action of a shopkeeper. The making cost of the product helps the purchaser to determine the quality of the product. It is applicable for all manufacturing products.

Answer 6

Chapter 11, Problem 1DQ

Summary Introduction

To determine: Why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price.

Introduction: Supply management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations.

Expert Solution & Answer

Explanation of Solution

Determine why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price:

The purchase should evaluate the making cost of an item to determine the fair and reasonable price of the item. Thus, he can avoid the fraudulent action of a shopkeeper. The making cost of the product helps the purchaser to determine the quality of the product. It is applicable for all manufacturing products.

Answer 7

Chapter 11, Problem 1DQ

Summary Introduction

To determine: Why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price.

Introduction: Supply management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations.

Answer 8

Expert Solution & Answer

Explanation of Solution

Determine why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price:

The purchase should evaluate the making cost of an item to determine the fair and reasonable price of the item. Thus, he can avoid the fraudulent action of a shopkeeper. The making cost of the product helps the purchaser to determine the quality of the product. It is applicable for all manufacturing products.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 11 - Prob. 1DQ Ch. 11 - Prob. 2DQ Ch. 11 - Prob. 3DQ Ch. 11 - Prob. 4DQ Ch. 11 - Prob. 5DQ Ch. 11 - Prob. 6DQ Ch. 11 - Prob. 8DQ Ch. 11 - Prob. 9DQ Ch. 11 - Prob. 10DQ Ch. 11 - Prob. 11DQ

Why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price. Introduction: Supply management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations.

To determine: Why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price. Introduction: Supply management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations.

Explanation of Solution

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Chapter 11 Solutions

To determine: Why purchaser should evaluate the making cost of an item instead of evaluating the purchasing price.

Introduction: Supply management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations.