Which of the Following Is Not True of Vendor Analysis

question 9

Multiple Choice

Which of the following is not true of vendor analysis?

• A)It involves an examination of the function of purchased parts or raw materials.
• B)Its purpose is to reduce costs and/or improve performance of purchased goods or services.
• C)It is usually performed only periodically.
• D)Representatives from design and operations may work with purchasing.
• E)If improvements are identified, purchasing implements those that purchasing agrees are justified.

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Definitions:

Customer Tastes

Preferences or inclinations of consumers, which influence their buying behaviors and choice of products or services.

Historical Data

Previously recorded information that is used to understand past events or trends, often used in analysis or research to predict future outcomes.

Pilot Experiment

A small-scale study conducted to assess the feasibility of a product or service.

Feasibility

The measure of how possible or practical the execution of a project, plan, or idea is.