A Company That Had Been Using Single Sourcing Decided to Add

question 49

Multiple Choice

A company that had been using single sourcing decided to add a second supplier for one of its key raw materials.Which supply management goal does this BEST accomplish?

• A)Fostering sustainability.
• B)Reducing total costs.
• C)Identifying,assessing,and mitigating supply chain risk.
• D)Accessing technology and innovation.

---

Definitions:

Business Failures

Instances where companies cease operations due to their inability to generate sufficient revenue or manage their costs effectively.

Emotions of Failure

The range of feelings experienced after a perceived lack of success, including disappointment, frustration, and discouragement.

Avoid Failure

Strategies or measures taken to prevent unsuccessful outcomes in business or personal endeavors.

Raised

In the context of finance, refers to the collection of capital or funds for a purpose such as starting a company or launching a project.