Read the statement below and answer all the FIVE (5) questions that follow:

The earnings of the organization can be considerably impacted by buyers and supply chain management. An organization may spend up to 50% of its sales revenue on the acquisition of goods and services, including raw materials.

You are employed as a purchasing director at Food Lovers in Durban, South Africa. Answer all the following five questions based on the above statement:

QUESTION 3

Choose one product available at Food Lovers market and critique any FIVE (5) most important types of costs applicable to quality. Use practical examples to justify your answer. (20 marks)