All of the Following Are Elements of Successful Supplier Suggestion

question 12

Multiple Choice

All of the following are elements of successful supplier suggestion programs except _____.

• A) the savings from the suggestion are often shared 50/50, not kept solely by the buying company
• B) the program focuses on cost improvement, not simply cutting the supplier's margins
• C) successful buying companies provide prompt feedback to the supplier on its suggestion and also implement good suggestions promptly
• D) it is critical to acknowledge the supplier's suggestion, through an awards program, newsletter, or announcement at a supplier conference
• E) the supplier should be allowed to keep 100% of the savings since it came up with the idea

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Definitions:

Households

Units consisting of individuals living together, typically sharing living quarters and making joint decisions regarding consumption.

African American

An ethnic group in the United States with ancestors from Africa, particularly those whose ancestors were enslaved and brought to the US.

Buying Patterns

The habitual or typical purchasing behaviors of consumers, including frequency, timing, and preferences, which can inform marketing and sales strategies.

Consumption Patterns

The tendencies or habits displayed by consumers in acquiring, using, and disposing of goods and services.