Supplier Development Refers to

question 257

Multiple Choice

Supplier development refers to

• A) the deliberate effort by suppliers to build relationships that shape buyers' products, services, and capabilities to fit both the buyer's and seller's needs, as well as the needs of ultimate consumers.
• B) the deliberate effort by organizational buyers to build relationships that shape suppliers' products, services, and capabilities to fit a buyer's needs and those of its customers.
• C) the practice of dividing up large orders among several suppliers rather than a single one to avoid possible manufacturing delays due to bad weather, plant mishaps, union issues, etc.
• D) the practice of establishing a close relationship with one supplier rather than many to insure loyalty and preferential treatment when filling exceptionally large orders.
• E) the shift of a firm from that of supplier to manufacturer when repeated experience with a product and excellent buyer/seller relationships make the shift both more feasible and profitable.

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Definitions:

Neurotransmitters

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The influence of genes inherited from parents on an individual's traits and characteristics.

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Actions that go against the legal or moral codes of society, often referring specifically to minors who engage in criminal acts.

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The intentional infliction of harm on one's own body as a coping mechanism for emotional pain, stress, or frustration.