The Most Important Reason Why a Small Business Should Build

question 78

Multiple Choice

The most important reason why a small business should build good relationships with large suppliers is

• A)forecasting can be made easier with the suppliers input.
• B)it will make the small business stand out from other firms buying from the supplier.
• C)the need for the small business to have prices as low as possible on purchases.
• D)the relationship can make the small business more competitive.

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Definitions:

Scrap Value

The estimated residual value of an asset after its useful life has ended.

Camera Unit

A complete devise for capturing photographs or videos, including the body, lens, and potentially other integrated components.

Double-Declining-Balance

Double-declining-balance is an accelerated method of depreciation that doubles the regular depreciation rate, accounting for most of the asset's depreciation in the early years of its life.

Scrap Value

The estimated residual value of an asset at the end of its useful life, often used in calculating depreciation.