Which of the following statements about vendor analysis is true?

A. Its sole purpose is to get the lowest price from a supplier on a given product or service.
B. It is also known as portfolio analysis.
C. Its goals include increasing the total costs associated with purchases.
D. It is an informal rating of the retailers and wholesalers in an industry.
E. It helps in selecting suppliers by evaluating them in all relevant areas of performance.


Answer: E

Business

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