A Firm Has Begun Using a Supplier Scorecard with Its

question 21

Multiple Choice

A firm has begun using a supplier scorecard with its top 25 suppliers.This suggests the firm has increased its efforts in which of the following areas?

• A) Spend analysis.
• B) Outsourcing.
• C) Supplier selection.
• D) Supplier relationship management.

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Definitions:

Just Noticeable Difference

The smallest difference in stimulation that a person can detect 50% of the time, also known as the threshold of sensation.

Sensory Adaptation

The process by which sensory receptors change their sensitivity to a stimulus over time, often resulting in diminished sensitivity to a constant stimulus.

Constant Movement

Continuous physical activity or motion without stopping.

Eyes

The organs of vision that respond to light and allow for vision.