Large multistore chain retailers such as Macy's,Safeway,and Target use a highly formalized buying center that is referred to as a(n)
A)ad hoc committee.
B)buying committee.
C)merchandise procurement center.
D)purchasing department.
E)purchasing control system.

Question

Quizplus · Accepted Answer

Large multistore chain retailers like Macy's, Safeway, and Target use a highly formalized buying center. This buying center is usually referred to as a buying committee. The buying committee is responsible for selecting and purchasing products that will be sold in the store. The buying committee is usually made up of members from different departments, such as marketing, operations, and finance. The committee's goal is to make informed purchasing decisions that align with the company's strategic goals and vision.

Large Multistore Chain Retailers Such as Macy's,Safeway,and Target Use a Highly