The Process of Certifying a New Supplier Is Considered What

question 13

Multiple Choice

The process of certifying a new supplier is considered what type of major cost category?

• A)Pretransaction Cost
• B)Supplier-Development Cost
• C)Transaction Cost
• D)Turnover Cost

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Definitions:

Profit-Seeking Decision Maker

An individual or entity focused on making decisions that are expected to result in the highest possible profit.

Entrepreneur

An individual who organizes and operates a business venture, taking on greater than normal financial risks in order to do so.

Business Projects

Specified endeavors undertaken by businesses to achieve specific objectives, often within a set timeline and budget.

Private Owners

Individuals or entities who own private property or businesses and have control over their use and distribution.