Question: QUESTION 4 A blanket purchase order requires a request for proposal (REP) in order to become a binding contract. True False QUESTION 5 Market mediation

QUESTION 4 A blanket purchase order requires a

QUESTION 4 A blanket purchase order requires a request for proposal (REP) in order to become a binding contract. True False QUESTION 5 Market mediation function in supply chain refers to decisions to facilitate matching supply and demand in such a way that understocking or overstocking situations could be minimized. True False QUESTION 6 A major advantage of a basic EOQ model is that it maximizes inventory turnover. True O False

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