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For each of the following programs, processes, certifications, etc.explain how they can be useful in improving supplier relationships and motivating business partners to provide the best possible products and services.
a.ISO 9000
b.TCO
c.Supplier development programs
d.Supplier recognition programs
Scarcity
Refers to the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.
Marginal Revenue
The additional income earned from selling one more unit of a good or service.
Additional Unit
An extra item or piece beyond the current production or stock, often considered in decision-making regarding costs and prices.
Marginal Revenue
The extra revenue earned by selling an additional unit of a product or service.
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