All of the Following Are Elements of Successful Supplier Suggestion

question 12

Multiple Choice

All of the following are elements of successful supplier suggestion programs except _____.

• A) the savings from the suggestion are often shared 50/50, not kept solely by the buying company
• B) the program focuses on cost improvement, not simply cutting the supplier's margins
• C) successful buying companies provide prompt feedback to the supplier on its suggestion and also implement good suggestions promptly
• D) it is critical to acknowledge the supplier's suggestion, through an awards program, newsletter, or announcement at a supplier conference
• E) the supplier should be allowed to keep 100% of the savings since it came up with the idea

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Definitions:

Communism

A political and economic ideology that aims at creating a classless society in which the means of production are owned and controlled by the community as a whole.

Capitalism

An economic system based on private ownership of the means of production and their operation for profit.

Capitalist States

Countries where the trade and industry are controlled by private owners for profit, rather than by the state.

Authoritarian States

Nations governed by a single ruler or a small group of individuals, where individual freedoms and democratic processes are limited.