Which of the Following Statements Best Describes a Fundamental Requirement

question 347

Multiple Choice

Which of the following statements best describes a fundamental requirement for developing and maintaining good business relationships in an effective supplier partnership?

• A) The supplier must commit to meeting the customer's performance metrics
• B) The buyer must commit to improving processes
• C) A means of periodic feedback must be in place for issue resolution
• D) Both parties must focus on cost reduction to improve competitiveness

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Definitions:

Net Income

Net income is the amount of money left after all expenses, taxes, and costs have been subtracted from a company's total revenue.

Revenues

Income generated from normal business operations and includes discounts and deductions for returned merchandise.