When Hormel Foods Implemented an Internet-Based Procurement System, Hormel's Relationships

question 16

Multiple Choice

When Hormel Foods implemented an Internet-based procurement system, Hormel's relationships with its suppliers were affected in all of the following ways except

• A) through tangible investments such as equipment, tools, and software.
• B) by making Hormel's suppliers more attractive to other food companies, which would increase the prices the suppliers could charge.
• C) through intangible investments such as time, effort, and trust.
• D) by increased dependency on Hormel's business in order to justify the cost outlays.
• E) through the suppliers' evaluation to ensure that Hormel was worth the investment.

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Definitions:

Proembryo

An early stage in the development of an embryo, particularly in plants, following fertilization and prior to the formation of recognizable structures.

Basal Cell

A type of cell found at the base of the epidermis and hair follicles, involved in the production of new skin cells.

Drupe

A type of fruit with thin skin and a central stone containing the seed, for example, peaches, plums, and cherries.

Olive

A small, oval fruit with a hard pit and oily flesh, primarily grown in the Mediterranean region, used for its oil and as a food item.