BUAD 331 FINAL EXAM ASSESSMENT SCRIPT
2026 VERIFIED ANSWERS COMPREHENSIVE
REVIEW
◉ mission statement examples.
Answer: american standard company, burlington northern,
mckesson corp
◉ spend anaylisis.
Answer: direct materials, indirect materials, services
◉ the rights.
Answer: material, price, place, time, supplier, and service
◉ purchasing definition.
Answer: material, price, place, time, supplier, and service
◉ driving an integrated procurement strategy + examples.
Answer: market research, spend analysis, portfolio analysis, contract
negotation, supplier relationship management
◉ 5 forces model.
, Answer: threat of new entrants, barganing power of suppliers,
barganing power of buyers, threat of subsitutes, rivalry among
existing competitors
◉ threat of new entrants.
Answer: barriers to market entry
◉ barganing power of suppliers.
Answer: suppliers amount of power significantly effects negotations
◉ barganing power of buyers.
Answer: inc their volume of purchases inc as a % of the overall
market
◉ threat of subsitutes.
Answer: a purchasing professional must be aware of potential subs
◉ rivalry among existing competitors.
Answer: the procurement team must consider the concentration of
competitors
◉ the steps to buying.
2026 VERIFIED ANSWERS COMPREHENSIVE
REVIEW
◉ mission statement examples.
Answer: american standard company, burlington northern,
mckesson corp
◉ spend anaylisis.
Answer: direct materials, indirect materials, services
◉ the rights.
Answer: material, price, place, time, supplier, and service
◉ purchasing definition.
Answer: material, price, place, time, supplier, and service
◉ driving an integrated procurement strategy + examples.
Answer: market research, spend analysis, portfolio analysis, contract
negotation, supplier relationship management
◉ 5 forces model.
, Answer: threat of new entrants, barganing power of suppliers,
barganing power of buyers, threat of subsitutes, rivalry among
existing competitors
◉ threat of new entrants.
Answer: barriers to market entry
◉ barganing power of suppliers.
Answer: suppliers amount of power significantly effects negotations
◉ barganing power of buyers.
Answer: inc their volume of purchases inc as a % of the overall
market
◉ threat of subsitutes.
Answer: a purchasing professional must be aware of potential subs
◉ rivalry among existing competitors.
Answer: the procurement team must consider the concentration of
competitors
◉ the steps to buying.
