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QUESTION
(a) List the five elements of the purchasing mix.
(b) Describe briefly the four essential elements of a legally binding contract.
(c) Distinguish between performance and conformance specifications.
(d) Compare and contrast between bid security and performance security.
(e) Describe two methods used for pricing the issue of raw materials to production.
(f) Explain the importance of supplier appraisal.
(g) Explain briefly the Just in Time concept.
Q. Show the Accept-Reject Criteria? Accept-Reject Criteria:- If the actual payback period is not more than the predetermined payback period...................... Project
Ask question #Minimum 100 words acceptedaqs #
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