The Purchasing Approach That Holds the Suppliers Responsible for Maintaining

question 121

Multiple Choice

The purchasing approach that holds the suppliers responsible for maintaining the necessary technology, expertise, and forecasting ability plus cost, quality, and delivery competencies is

• A) few suppliers
• B) many suppliers
• C) Keiretsu
• D) vertical integration
• E) virtual companies

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Definitions:

Disequilibrium

A state of imbalance or instability due to a mismatch between the demand and supply in a market or in physiological contexts, the body's inability to maintain homeostasis.

Reflexes

Involuntary and automatic responses of the body to a stimulus.

Accommodation

In cognitive development, this refers to the process by which individuals adjust their schemas (mental models) to incorporate new experiences.

Preexisting Idea

A concept or belief that exists before a particular event, study, or project.