Single Sourcing Consolidates Purchase Volume with a Single Supplier in Hopes

question 27

Multiple Choice

Single sourcing consolidates purchase volume with a single supplier in hopes of increasing cooperation and communication in the supply relationship as well as ___________.

• A)greater supply risk mitigation
• B)increased amounts of competition
• C)improved market intelligence
• D)lower costs per unit

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Definitions:

Economic Support

Financial or material assistance provided to individuals, families, or communities to ensure their basic needs are met or to support economic development.

Middle Class

Describes a socio-economic group that falls between the working class and upper class, often characterized by moderate incomes, education levels, and occupations.

Upper Class

A social group at the top of a societal hierarchy which possesses more wealth, power, and prestige than other classes.

Working Class

A social group comprising individuals in manual-labor occupations or industrial work, often associated with lower socioeconomic status.