The Advantages of Dealing with Established Suppliers-Certified by P/OM for Their

question 77

Multiple Choice

The advantages of dealing with established suppliers-certified by P/OM for their current capabilities-must be _____

• A)weighed against the advantages of using start-up suppliers with new ideas.
• B)weighed against the problems of switching suppliers because their prices are lower.
• C)weighed against the strategy of switching purchasing agents to reduce the bonds of friendship between buyer and supplier.
• D)weighed against the community's expectations that local suppliers will be used.

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Definitions:

Socially Distributed

Pertains to the way resources, knowledge, or status are spread across different groups or individuals in a society, often unevenly.

Specialized Knowledge

Expertise or skills in a specific field or domain, typically acquired through education or experience.

Higher Education

Tertiary education that follows the completion of secondary education, such as college or university.

Internal Labor Markets

A labor market within an organization, allowing employees to move between different jobs or levels of responsibility without leaving the employer.