Harold's Fish Shop Decides to Reduce Its Purchases from Poorly

question 36

Multiple Choice

Harold's Fish Shop decides to reduce its purchases from poorly performing fish suppliers and focus future orders with suppliers that have been top-performing in the past.This is an example of:

• A) Supply base rationalization
• B) Supplier development
• C) Top-tier supplier selection
• D) Selective sourcing

---

Definitions:

Joint Venture

Involves the joining together of parts of companies to accomplish specific, limited objectives. Joint ventures are controlled by the combined management of the two (or more) parent companies.

Independent Companies

Firms that operate independently without being owned or controlled by another entity or conglomerate.

Specific Objective

A clearly defined and measurable goal that an organization or individual aims to achieve.

Resources

Assets or inputs used to produce goods and services, including natural, human, and capital resources.