A Small Company Might Prefer to Concentrate Purchases with One

question 7

Multiple Choice

A small company might prefer to concentrate purchases with one supplier for which the following reasons?

• A) insurance against interruptions caused by strikes
• B) a particular supplier 's superiority in product quality
• C) knowing the customer's loyalty, the supplier may provide better prices and service
• D) to locate the best source in terms of price, quality and service with each purchase

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Definitions:

Organizational Politics

The use of power and social networking within an organization to achieve changes that benefit individuals or groups.

Personal Interests

Individual hobbies, desires, or activities that a person is passionate about or enjoys in their personal time.

Countervailing Power

A concept where power in a market or industry is distributed in such a way that no single entity can dominate decisions or outcomes, effectively balancing the power dynamics.

Dominant Party

A political term that describes a party which holds a majority of legislative seats or otherwise exercises a disproportionate amount of power within a political system.