Which of the Following Statements Is True of Vendor Analysis

question 250

Multiple Choice

Which of the following statements is true of vendor analysis?

• A)Its goals include increasing the total costs associated with purchases.
• B)It is also known as portfolio analysis.
• C)Its sole purpose is to get the lowest price from a supplier on a given product or service.
• D)It is an informal rating of the retailers and wholesalers in an industry.
• E)It helps in selecting suppliers by evaluating them in all relevant areas of performance.

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Definitions:

Situational Interview

A type of job interview that asks candidates to describe how they would handle or have handled specific workplace situations, to assess their suitability for a role.

Behavioural Description Interview

An interview technique where candidates are asked to describe past behavior in specific situations to predict future behavior in similar scenarios.

Supervisors

Individuals within an organization responsible for overseeing the work of employees and ensuring tasks are completed effectively.

Clinical Approach

A methodology generally used in healthcare settings that focuses on observing and treating patients in a systematic and practical manner.