By Buying from Multiple Suppliers Located in Several Countries, a Company

question 34

True/False

By buying from multiple suppliers located in several countries, a company can maintain the flexibility needed to change sources and reduce the risk associated with sudden swings in exchange rates.

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Definitions:

Segmentation Variable

A characteristic used to divide a market into distinct subsets of customers based on needs, behaviors, or demographics.

Product Feature

A characteristic or function of a product that is intended to provide benefits and possibly differentiate it from competing products.

Bureau

An administrative unit or a specialized agency, typically within a government or organization, responsible for a specific area of operation or a type of activity.

Finishes

The final surface application or detailing of a product, important for aesthetics and functionality.