Supplier Development Refers to

question 129

Multiple Choice

Supplier development refers to

• A) the effort of suppliers to shape buyers' needs and stimulate demand among ultimate consumers.
• B) the practice of dividing large orders among several suppliers rather than a single one to avoid possible manufacturing delays due to bad weather, plant mishaps, union issues, etc.
• C) the deliberate effort by organizational buyers to build relationships that shape suppliers' products, services, and capabilities to fit a buyer's needs and those of its customers.
• D) the practice of establishing a close relationship with one supplier rather than many to ensure loyalty and preferential treatment when filling exceptionally large orders.
• E) the shift of a firm from supplier to manufacturer when repeated experience with a product and excellent buyer/seller relationships make the change both feasible and profitable.

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Definitions:

Combined Cell

In spreadsheet programs such as Microsoft Excel, a combined cell is created by merging two or more adjacent cells into a single cell, often to improve the layout or logically group data together.

Confidential Information

Information that is not public and is protected from unauthorized access, including private, sensitive, or proprietary data.

Hide

Hide refers to the action of making certain elements, such as files, windows, or layers in a graphic program, invisible or removed from view.

Column C

In spreadsheet applications, Column C refers to the third vertical column in which data or functions can be entered.