The Goal of Vendor Analysis Is

question 234

Multiple Choice

The goal of vendor analysis is

• A) just getting a low price from the supplier on a given part or service.
• B) just satisfying the needs of the customer company.
• C) lowering the total costs associated with purchases.
• D) satisfying the needs of the individuals who influence the purchase.
• E) focusing buyers and sellers on just the economic factors needed to reduce costs.

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Definitions:

Publicly Held

Refers to companies whose shares of stock are traded on public stock exchanges, allowing for public ownership and investment.

Ownership

The legal right or interest that an individual or entity has in an asset or property.

Corporate Form of Organization

A legal structure for a business recognized as a separate legal entity from its owners, providing limited liability protection, and able to raise capital through issuing shares.