Which of the Following Is Not a Key Consideration When

question 15

Multiple Choice

Which of the following is not a key consideration when a company chooses a supplier?

• A)Lead time and on-time delivery
• B)Reputation and financial stability
• C)Flexibility in handling changes
• D)Quality control procedures of suppliers
• E)Size of the supplier

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Definitions:

Market-oriented Era

A period in business thought where the primary focus is on understanding and meeting the needs and wants of consumers through market research and product adaptation.

Value-based Marketing

A marketing strategy focused on providing and communicating the unique value of a product or service to the customer.

Retailing-oriented Era

A period in business history characterized by the focus on selling and distribution efficiency, where retailers played a central role in the supply chain.

Market-oriented Era

A period where businesses prioritize identifying and fulfilling the preferences and needs of their customers through product development and targeted marketing.