In Overcoming the Barriers to Supplier Development, Which of the Following

question 79

Multiple Choice

In overcoming the barriers to supplier development, which of the following is not one of the approaches typically used?

• A)Direct-involvement activities.
• B)Single sourcing.
• C)Incentives and rewards.
• D)Warnings and penalties.
• E)Hands-on activities.

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Definitions:

Fall in Income

A decrease in the amount of money received, typically referring to personal income or national income.

Negative Income Elasticity

A situation where demand for a good decreases as consumer income rises, often associated with inferior goods.

Bargain Brand Noodles

Low-cost noodle brands that offer savings compared to mainstream or premium brands without compromising much on quality.

Responsiveness

The ability of a system or organization to react quickly and positively to changes or requests.