A Supplier Certification Program

question 11

Multiple Choice

A supplier certification program:

• A)adds cost to the supplier,but provides few benefits to the supplier.
• B)may improve quality,but at best will not raise costs.
• C)always improves quality,but usually at a higher purchase price.
• D)may enable the buyer and seller to lower costs and improve quality.
• E)typically costs more to implement than the value of the quality improvement.

---

Definitions:

Export Promotion

Strategies and policies designed to increase the amount of goods and services sold to foreign countries.

Domestic Market

The domestic market pertains to the commercial activities and transactions within a country's borders, excluding international trade.

Technological Base

Refers to the foundation of technology, including the knowledge, tools, and processes that support the economic and industrial development of a country or region.

Foreign Aid

Financial or material assistance provided by one country to another, often for developmental purposes.