Which of the following is false?
A)In the factor-input strategy,an organization is seeking low-cost or high-quality sources of supply.
B)Global procurement refers to buying components and inputs anywhere in the world.
C)Planning is the first step in global procurement.
D)A market access strategy emphasizes procurement from geographically close countries.

Question

Quizplus · Accepted Answer

The statement in D is false because a market access strategy focuses on entering new markets or increasing market share, rather than emphasizing procurement from geographically close countries. Global procurement strategies, on the other hand, may consider geographical proximity as one of many factors in sourcing decisions.

Which of the Following Is False