Answer the following statements true (T) or false (F)
1. In direct material purchases, the frequency of purchasing transactions is relatively low.
2. Supplier performance management (SPM) is not as comprehensive a tool as the supplier scorecard.
3. One of the steps in implementing an SPM process is to award contracts to suppliers.
4. One of the main reasons for companies to maintain an SPM database is to eliminate long-term performing suppliers.
1. True
2. False
3. False
4. False
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Gasoline is the only commonly purchased product that is priced down to a fraction of a cent. This is the case because buying gasoline is a low-involvement activity, which makes point-of-purchase factors more important
Indicate whether the statement is true or false
The type of qualitative research in which the purposes of the project are disguised from the respondents is called an indirect approach
Indicate whether the statement is true or false
Which of the following statements about racial discrimination in the United States is accurate?
a. A business’ welfare takes precedence over the laws against discrimination based on race or ethnicity. b. Around half of the civilian labor force in the United States is Caucasian. c. National origin prohibitions on discrimination do not include the person’s native language. d. Discrimination against customers on the basis of race or ethnicity can be a problem.
________ refers to an alteration or a modification of a product by a party in the chain of distribution that absolves all prior sellers from strict liability
A) Generally known danger B) Assumption of the risk C) Abnormal misuse D) Supervening event