Why Is It Beneficial to Have a Strategic Partnership with Suppliers

question 91

Multiple Choice

Why is it beneficial to have a strategic partnership with suppliers?

• A)The company can be sure of the source of their input material
• B)The organisation can collaborate and share information with the supplier and achieve better effectiveness
• C)The suppliers develop a specific ordering system for the organisation
• D)The supplier can have more power over the organisation to determine prices

---

Definitions:

Mastery Orientation

A belief that success stems from trying hard and that failures are influenced by factors that can be controlled, like effort.

Growth Mindset

Viewing one’s skills and characteristics as malleable or changeable.

Internal Explanations

The attribution of an individual's behavior to internal characteristics or dispositions rather than external circumstances.

Learned Helplessness Orientation

An orientation characterized by a fixed mindset and the attribution of poor performance to internal factors.