Using the Same Materials and Suppliers Can …

question 1

Multiple Choice

Using the same materials and suppliers can …

• A) save money as everyone knows the product and service provider
• B) help the organisation's environmental initiative
• C) waste money as better research may find better services and products available
• D) provide a consistent approach to ordering

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Definitions:

Contribute Resources

involves providing or dedicating assets or capabilities, such as time, money, or expertise, to support a project, initiative, or cause.

Angel Investor

A wealthy individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity.

Life Cycle

The series of stages through which something (such as a product, organization, or project) passes during its lifetime, from inception to termination.

Entrepreneurial Organisations

Companies characterized by innovative practices, proactive engagement with marketplace opportunities, and a willingness to take risks for growth.