A Sourcing Strategy in Which Two Suppliers Are Used for the Same

question 89

Multiple Choice

A sourcing strategy in which two suppliers are used for the same purchased product or service is:

• A)cross sourcing.
• B)dual sourcing.
• C)contingency sourcing.
• D)multisourcing.

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Definitions:

Substitute Goods

Products or services that can replace each other in use, serving the same purpose, leading consumers to switch based on changes in price, availability, or preferences.

Price Floor

A government-imposed minimum price charged for a commodity, preventing prices from falling below that level to protect producers.

Competitive Market

A market structure characterized by many buyers and sellers, none of whom can influence the market price on their own.

Market for Human Organs

The controversial concept or practice involving the buying and selling of human organs for transplantation, often debated for ethical and moral reasons.