___________ Suppliers Are Those That Are Most Important to the Buying

question 28

Multiple Choice

___________ suppliers are those that are most important to the buying firm. They supply the buying firm with essential materials and capabilities that are not easily replaced.

• A) Standard
• B) Preferred
• C) Strategic
• D) Competitive
• E) Collaborative

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Definitions:

Top Management

The highest level of managers in an organization, typically responsible for strategic decisions and overall operations.

Planning

Planning involves setting goals and determining the most effective course of action to achieve those goals.

Long-term Plans

Strategic roadmaps developed to achieve goals and objectives over an extended period, typically beyond one year.

Short-term Plans

Strategic objectives and actions designed to be implemented and achieved within a brief period, usually less than a year.