Foundations of Business - Standalone book (MindTap Course List)
4th Edition
ISBN: 9781285193946
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
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Question
Chapter 8, Problem 16CC
Summary Introduction
To determine: The importance of selecting a supplier and the factors that must be measured when selecting a supplier.
Introduction: A supplier is a business or person who supplies the business with goods or services that are required to use in a business.
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Why is it important to choose a supplier? What considerations should be taken into account when choosing a supplier?
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What are the benefits of using a supplier? When choosing a supplier, what considerations should be considered?
Chapter 8 Solutions
Foundations of Business - Standalone book (MindTap Course List)
Ch. 8 - Prob. 1CCCh. 8 - Prob. 2CCCh. 8 - Prob. 3CCCh. 8 - Prob. 4CCCh. 8 - In terms of focus, magnitude of change, and...Ch. 8 - Prob. 6CCCh. 8 - Prob. 7CCCh. 8 - Prob. 8CCCh. 8 - Prob. 9CCCh. 8 - Prob. 10CC
Ch. 8 - Prob. 11CCCh. 8 - Prob. 12CCCh. 8 - Prob. 13CCCh. 8 - Prob. 14CCCh. 8 - Prob. 15CCCh. 8 - Prob. 16CCCh. 8 - What costs must be balanced and minimized through...Ch. 8 - Prob. 18CCCh. 8 - Prob. 19CCCh. 8 - Prob. 20CCCh. 8 - Prob. 21CCCh. 8 - Prob. 1DQCh. 8 - Prob. 2DQCh. 8 - Do certain kinds of firms need to stress...Ch. 8 - Is it really necessary for service firms to engage...Ch. 8 - How are the four areas of operations control...Ch. 8 - Prob. 6DQ
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Similar questions
- Why is it important to select the right supplier and to maintain a relationship with that supplier?arrow_forwardExplain what are the advantages of using a supplier? When choosing a supplier what considerations should be considered?arrow_forwardWhy is it important to choose the right supplier and keep in touch with that supplier?arrow_forward
- Think of your last major purchase. What criteria did youuse to select the supplier?arrow_forwardWhich industries are the most difficult for suppliers to anticipate in terms of client wants and requirements? What are the characteristics of these industries?arrow_forwarddiscuss below 3 types of suppliers 1. Local suppliers 2. National suppliers 3.International suppliersarrow_forward
- What value creation activities should a company outsource to independent suppliers? What are the risks involved in outsourcing these activities?arrow_forwardWhen Trek is looking for a new supplier or evaluating an existing one,what parameters does it use?arrow_forwardWhat strategies can a firm use to continuously improve the performance of their suppliers?arrow_forward
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