To assist in determining what represents acceptable value,a buyer is likely to:
A)provide the mathematics for a suitable inspection program.
B)purchase a branded item.
C)disallow supplier substitutions for the specified item.
D)avoid involving engineering in need identification and specification.
E)identify the function of a good or service.

Question

Quizplus · Accepted Answer

To determine acceptable value, a buyer should identify the function of a good or service. This allows the buyer to understand the purpose of the item and whether it meets their needs, rather than solely looking at its price or brand. Providing the mathematics for a suitable inspection program (A) is not relevant to determining acceptable value. Purchasing a branded item (B) may not necessarily represent the best value, as the buyer may be paying for the brand name rather than the quality of the item. Disallowing supplier substitutions (C) may limit the buyer's options and potentially lead to higher costs. Avoiding involving engineering (D) may also limit the buyer's understanding of the item's function and potential alternatives.

To Assist in Determining What Represents Acceptable Value,a Buyer Is