A Company's Supplier for a Critical Part Was Selected Based

question 47

Multiple Choice

A company's supplier for a critical part was selected based on the lowest purchase price.Six months later, the company's warranty costs began to rises because of defective parts.The company has experienced:

• A)Reduced sustainability.
• B)Higher total costs of ownership.
• C)Problems with availability of resources
• D)Higher levels of spend analysis.

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Definitions:

Superficial

Concerned only with the obvious or apparent, lacking in depth, substance, or earnestness.

Social Group

A social group is a collection of individuals who interact with each other based on shared interests, beliefs, or characteristics, forming a recognizable unit within a larger society.

Social Category

A group of people who share a common characteristic, such as age, gender, or occupation, without necessarily interacting or identifying with each other.

Identity

The characteristics, feelings, or beliefs that distinguish people from one another, encompassing aspects like nationality, culture, religion, and personal traits.