In Supplier Development,the Supplier Must Be Convinced That It Is

question 78

True/False

In supplier development,the supplier must be convinced that it is in its own best interest to accept the buyer's direction and assistance.

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Definitions:

Externalities

Economic side effects or consequences of an industrial or commercial activity that affects other parties without this being reflected in the cost of the goods or services involved.

Internalized

The process of incorporating external costs or benefits into the market price of goods or services.

Efficient

Refers to a situation where resources are utilized in the best possible manner to produce desired outcomes without wasting materials, energy, or time.

Government Intervention

Actions taken by a government to influence or regulate different aspects of its economy.