Cost is the only consideration when choosing a supplier
Indicate whether the statement is true or false
FALSE
Explanation: Cost is always a factor, but it should never be the sole factor in selecting suppliers. For example, if several potential suppliers offer similar products with similar prices, other factors will come into play. For example, a company may need a supplier that is reliable or one that is fast. Likewise, one supplier may offer a part for significantly less but of such poor quality that later repairs or recalls would end up costing a company more than the cost of quality parts; its reputation would also be affected. Understanding these needs before choosing a supplier will make the process easier and more beneficial in the end.
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A team that consists of members who interact by computer network to collaborate on projects is called a(n)
A. remote team. B. e-team. C. self-managed team. D. informal team. E. virtual team.
During which stage of the business buying decision process is a buyer most likely to conduct value analysis by carefully studying components to determine if they can be redesigned, standardized, or made less expensively?
A) general need recognition B) product specification C) proposal solicitation D) order-routine specification E) performance review
Suppliers and resellers can update their accounts, arrange purchases, and check orders against inventories through ________
A) a company's extranet B) a company's intranet C) marketing intelligence D) electronic mail E) search engines
Myron is filling in Adeline, the new girl, about how business is run in his company. He tells Adeline about the Friday evening happy hours, the misunderstanding box, and the special lingo they use to shortcut long explanations. Myron is participating in which organizational concept below?
A. external adaptation B. internal integration C. artifact integration D. change hindrance