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Question 1:
(a) Though e-procurement overcomes many of the shortcomings of traditional purchasing systems yet it did not have the success expected. Discuss why this has been the case.
(b) Discuss the main issues to be considered in the implementation of e-procurement in an organization.
Question 2:
(a) Discuss the essentials that a contract must satisfy in order to be legally enforceable.
(b) Explain why it is important for an organisation to have agreed terms and conditions in place, when purchasing from suppliers.
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FIXED COST=40000, VARIABLE COST=20 PER UNIT, SELLING PRICE=100 PER UNIT. TURNOVER REQUIRED FOR A PROFIT OF RS.30000
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