1. Explain what is meant by the purchasing functions goal of maintaining the companys competitive position. 2. Name the five major objectives of the purchasing function. 3. Name three types of research activities that a buyer might perform. Chapter 6: 1. Explain how a coop purchasing organization works. 2. List three critical issues that should be addressed in a companys selection and procurement plan. 3. Explain the difference between a job specification and a job description