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Explain criterion-related validity and its two varieties.
Supplier Risk
The potential for negative impacts to a company's operations, profitability, or reputation resulting from its suppliers' actions or inactions.
Strategic Purchase
The acquisition of goods or services that are vital to a company's operations or strategy, often involving significant expenditure and planning.
Environmental Sustainability
The practice of using resources in a way that does not deplete them and conserves the natural environment for future generations.
Community Development
Initiatives designed to improve the living conditions, economy, and social cohesion within a specific area or community.
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