A Grocery Store Is Trying to Find a New Supplier

question 32

Multiple Choice

A grocery store is trying to find a new supplier for carrots.Its three most important supplier criteria are freshness,lot size,and cost,with factor weights of 0.6,0.1,and 0.3,respectively.What would a supplier with ratings of 6,8,and 10 in the three respective categories score as a weighted total?

• A)24
• B)1
• C)7.4
• D)9.8
• E)8

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Definitions:

Resource

An asset or input that is utilized in the production of goods and services, such as labor, capital, and raw materials.

Units

Basic quantities or measurements used to express a variable or to quantify the elements in an analysis.

Employed

Refers to individuals who are currently working in a paid job or running a business.

Units

Basic quantities or measurements, such as pieces or liters, used to quantify the amount of a product or substance.