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:

Organizational Audiences

Groups or individuals who are stakeholders or are affiliated with a particular organization, and to whom information is often tailored.

Editorial Board

A group of experts overseeing the content and making decisions for a publication.

Acquisitions Editor

An editor who identifies, negotiates, and procures manuscripts or books for publishing.

Demographic Profiling

The process of gathering and analyzing data about the characteristics of a population or specific group for targeted marketing or analysis.