Which of the Following Is Not One of the Objectives

question 64

Multiple Choice

Which of the following is not one of the objectives in developing supply base management.

• A) Selecting suppliers that are competitive.
• B) Identifying new suppliers that have the potential for excellent performance and developing closer relationships with these suppliers.
• C) Improving existing suppliers.
• D) Developing new suppliers that are not competitive.
• E) Ensuring timely and accurate payment of supplier invoices.

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Definitions:

Firm's Total Profit

The total income of a firm after subtracting all costs from its total revenues.

Profit Maximizing

The process of adjusting production and sale levels to achieve the highest possible profit based on existing market conditions.

Level of Output

The quantity of goods or services produced by a company, industry, or economy within a given period.

Farmer

An individual engaged in agriculture, raising living organisms for food or raw materials.