According to Several Studies, What Are the Three Most Important

question 26

Multiple Choice

According to several studies, what are the three most important criteria for selecting suppliers?

• A) Price, quality, fast delivery
• B) Quality, fast delivery, on-time delivery
• C) Price, flexibility, on-time delivery
• D) Quality, flexibility, fast delivery
• E) Price, quality, on-time delivery

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Definitions:

Finance Corporation

An organization, typically a company, devoted to managing, investing, or lending money to individuals or other companies.

Account Party

Account Party is a key term in banking and finance, denoting the party that requests and is obligated to reimburse the issuer of a letter of credit upon completion of terms.

Express Warranty

A seller’s or lessor’s oral or written promise, ancillary to an underlying sales or lease agreement, as to the quality, description, or performance of the goods being sold or leased.

Reasonable Buyer

A hypothetical person who exercises average care, judgment, and information in their purchasing decisions, often referenced in legal contexts.