Vendor Analysis

question 115

Multiple Choice

Vendor analysis

• A)has the sole objective of getting the lowest possible price on a particular product or service from the supplier.
• B)does not take into account the behavioral needs of purchasing managers and others involved in the buying decision.
• C)is a formal rating of suppliers on all relevant areas of performance.
• D)None of these answers is correct.

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Definitions:

Parasympathetic

Part of the autonomic nervous system responsible for conserving energy and promoting restful states by slowing the heart rate and increasing intestinal and gland activity.

Somatic Nervous System

The part of the peripheral nervous system associated with the voluntary control of body movements via skeletal muscles.

Peripheral Nervous System

The part of the nervous system that consists of nerves and ganglia outside of the brain and spinal cord, connecting the central nervous system to limbs and organs.

Sensory Receptors

Specialized cells or structures that detect external stimuli and convert them into electrical signals for processing by the nervous system.