Suppliers Are More Likely to Stay Price Competitive When the Purchasing

question 1

True/False

Suppliers are more likely to stay price competitive when the purchasing company uses single sourcing than when it uses multiple sourcing.

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Definitions:

Medium of Exchange

An item that is widely accepted in exchange for goods and services, facilitating trade by eliminating the need for a coincidence of wants.

Federal Deposit Insurance Corporation

Insures bank deposits up to $100,000.

Automated Teller Machines

Electronic banking outlets that allow customers to complete basic transactions without the need for a branch representative or teller.

Takeovers

The acquisition of one company by another, in which the acquiring company obtains a controlling interest in the target company.