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Which of the following is an objective of purchasing?

Which of the following is an objective of purchasing?I. Obtain goods and services of the required specification and quality.
II. Obtain goods and services at the lowest cost
III. Be sure the best possible service and delivery are provided by the supplier.
A) I only
B) II only
C) III only
D) IV only
E) All are objectives of purchasing

Final answer:The objectives of purchasing in business include a) obtaining goods and services that meet quality specifications, b) finding the lowest possible cost, and c) ensuring top-notch service and delivery from suppliers. Hence, all options given are correct, making E) the right answer.Explanation:In the field ofbusiness, objectives of purchasing usually include ensuring that goods and services meet certain standards of specification and quality, finding the most affordable prices, and securing optimal service and delivery from suppliers. All of these objectives are important when makingpurchasing decisions,as they contribute to the efficiency and financial health of a business.Therefore, the options I. Obtain goods and services of the required specification and quality, II. Obtain goods and services at the lowest cost, and III. Be sure the best possible service and delivery are provided by the supplier are all recognized objectives of purchasing. So, the correct answer will be E) All are objectives of purchasing.Learn more about Objectives of Purchasing here:brainly.com/question/34364220#SPJ11...

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