The Management of the Firm's External Resources Through Identification and Selection

question 37

Multiple Choice

The management of the firm's external resources through identification and selection of suppliers,management of supplier relationships,and monitoring and rewarding supplier performance in an effort to support the long-term goals of the organization is called:

• A)Buyer-supplier integration
• B)Acceptance sampling
• C)Procurement rationalization
• D)Strategic sourcing

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Definitions:

Prodrome

An early symptom or set of symptoms that might indicate the start of a disease before specific symptoms occur.

Convalescence

The period of recovery and rest following illness, injury, or medical treatment.

Insect Vector

A term referring to insects that transmit pathogens from one host to another, causing diseases in humans and animals.

Malaria

A life-threatening disease transmitted by mosquitoes, caused by Plasmodium parasites, characterized by fever, chills, and flu-like symptoms.