Question: Describe five ( 5 ) methods of purchasing and their application to different circumstances. ( 5 marks ) D ) . Describe each of the
Describe five methods of purchasing and their application to different circumstances.
marks
D Describe each of the three basic strategies used in developing a production plan. What are the advantages and disadvantages of each. marks
E What is the mean absolute deviation MAD Why is it useful in forecasting? marks
H List the seven steps in the purchasing cycle marks
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