All of the Following Questions Are Important in Considering New

question 28

Multiple Choice

All of the following questions are important in considering new or existing suppliers for integration except _____.

• A)Is the supplier capable of hitting affordable targets regarding cost, quality, conductivity, weight, and other performance criteria?
• B)Does the supplier have sufficient marketing funds for promoting its new products?
• C)Will the supplier be able to meet product introduction deadlines?
• D)Will the supplier be able to increase capacity and production fast enough to meet our market share requirements?
• E)Do the supplier's personnel have the required training to start up required processes and debug them?

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Definitions:

Equilibrium

A state where supply and demand are balanced, and in the absence of external influences, the values of economic variables will not change.

Total Revenue

The total receipts from sales of goods or services before any expenses are deducted.

Price

The amount of money required to purchase a product or service, set by the interaction of supply and demand.

Perfectly Elastic

A market situation where a small change in price leads to an infinite change in the quantity demanded or supplied.