Supplier Development Refers to

question 263

Multiple Choice

Supplier development refers to

• A)the deliberate effort by suppliers to build relationships that shape buyers' products,services,and capabilities to fit both the buyer's and seller's needs,as well as the needs of ultimate consumers.
• B)the deliberate effort by organizational buyers to build relationships that shape suppliers' products,services,and capabilities to fit a buyer's needs and those of its customers.
• C)the practice of dividing up large orders among several suppliers rather than a single one to avoid possible manufacturing delays due to bad weather,plant mishaps,union issues,etc.
• D)the practice of establishing a close relationship with one supplier rather than many to insure loyalty and preferential treatment when filling exceptionally large orders.
• E)the shift of a firm from that of supplier to one of manufacturer when repeated experience with a product and excellent buyer/seller relationships make the shift both more feasible and profitable.

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Definitions:

Expression

A combination of variables, operations, and values that produces another value.

Transfer Control

A programming action that changes the point of execution, such as jumps, loops, or calls to subroutines.

Program Loop

A sequence of instructions in programming that repeats until a certain condition is met.

Symbolic Constants

Symbolic Constants are named entities in programming that represent fixed values which cannot be altered during the execution of a program.