What Is the Final Step in the Supplier Selection and Evaluation

question 2

Multiple Choice

What is the final step in the supplier selection and evaluation process?

• A) provide feedback
• B) select suppliers
• C) implement decision
• D) evaluate decision

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Definitions:

Goods And Services

The output of an economy that is provided to consumers, including tangible products (goods) and intangible items (services).

Entrepreneurial Ability

The skill or talent that an entrepreneur possesses to organize resources effectively, take risks, innovate, and create economic value.

Urbanization

The process through which cities grow, and higher percentages of the population come to live in urban areas.

Economic Growth

Economic growth is an increase in the production of goods and services in an economy over a period of time, typically measured as the rate of increase in real GDP.