One Way a Firm Could Reduce the Risk of Problems

question 67

Multiple Choice

One way a firm could reduce the risk of problems with supplier dependability is to

• A)purchase inventory from only U.S.-based suppliers.
• B)use an ERP system for purchases.
• C)require suppliers to be ISO 9000 certified.
• D)automate the purchasing function.

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Definitions:

Advertising Media

The communication platforms used to promote and market products or services to target consumers.

Direct To Consumer

A business model where companies sell products directly to consumers, cutting out any intermediaries such as retailers or wholesalers.

Face-To-Face

Personal encounters or meetings involving direct eye contact and communication in the same space.

Industrial Distributor

A company that buys products directly from manufacturers and sells them to businesses or retail consumers.