The Most Important Reason Why a Small Business Should Build

question 131

Multiple Choice

The most important reason why a small business should build good relationships with large suppliers is:

• A)forecasting can be made easier with the suppliers input.
• B)it will make the small business stand out from other businesses buying from the supplier.
• C)the need for the small business to have prices as low as possible on purchases.
• D)the relationship can make the small business more competitive.

---

Definitions:

Board of Directors

A group of individuals elected by shareholders to oversee the activities and governance of a corporation, ensuring it's run properly and profitably.

Corporate Level

The corporate level refers to the highest level of organizational strategy and decision making, often pertaining to the entire enterprise rather than specific divisions or products.

Board of Directors

A group of elected or appointed members who oversee the activities and governance of a company or organization.

Strategy

A plan of action designed to achieve a long-term or overall goal.