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:

Process

A series of actions or steps taken to achieve a particular end.

Communication Skills

The ability to convey or share information effectively through speaking, writing, or by other means.

Digital World

Encompasses all aspects of society that are mediated by digital technologies, including communications, media, and computing environments.

Study Group

A collective of students who meet regularly to discuss and learn from each other about a subject for mutual academic benefit.