When a Company Creates a Rating Form for Its Suppliers

question 177

Multiple Choice

When a company creates a rating form for its suppliers and rates their on-time delivery, product quality, service advice, and so forth, in order to determine which suppliers to put on an approved list of suppliers for specific products, this process is called a(n) :

• A) JIT rating.
• B) resident buyer analysis.
• C) vendor analysis.
• D) ISO 9000 certification.
• E) buying center analysis.

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Definitions:

Target Company

A company that is the subject of a takeover attempt, whether through a merger or acquisition strategy by another company.

Potential Acquirer

A company or individual who is likely or has shown interest in purchasing another company or asset.

Pro Rata

A method of allocating an amount proportionally based on a share of some total, such as time or quantity.

Financially Sound

Describes a state in which an entity is stable, profitable, and has a strong balance sheet.