Single Sourcing Refers to Narrowing Down the List of Approved

question 23

True/False

Single sourcing refers to narrowing down the list of approved suppliers for a single component to just a few suppliers.

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Definitions:

Differentiation

The process of distinguishing a product, service, or business in the market by developing unique features, benefits, or capabilities.

Communication

The process by which information is exchanged between individuals through a common system of symbols, signs, or behavior.

Yielding Conflict

A conflict resolution strategy where one party gives in to the demands or viewpoints of another to resolve the disagreement.

Equal Power

A condition or state where all participants or groups have the same amount of control, influence, or authority.