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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Why is selecting a supplier important? What factors should be considered when selecting a supplier?

Summary Introduction

To determine: The importance of selecting a supplier and the factors that must be measured when selecting a supplier.

Introduction: A supplier is a business or person who supplies the business with goods or services that are required to use in a business.

Explanation

The importance of selecting a supplier is as follows:

The target of buying is to guarantee that required materials are accessible when they are required at least cost. Obtaining work force ought to continually be vigilant for new or reinforcement providers, notwithstanding when their requirements are being met by their present providers. Such issues as arises and machinery breakdowns may remove the stream of obtained materials from a principal supplier...

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