Promoting diversity by intentionally buying from small firms or ethnic minority businesses.This is an example of:
A)Supply base rationalization
B)Ethical sourcing
C)Sustainable sourcing
D)Supply base sourcing

Question

Quizplus · Accepted Answer

Ethical sourcing involves considering social, ethical and environmental factors in the purchasing decisions. By intentionally buying from small firms or ethnic minority businesses, the organization is promoting diversity and inclusivity, which is an ethical consideration. Supply base rationalization is the process of reducing the number of suppliers a company uses, sustainable sourcing involves considering environmental factors in the purchasing decisions, and supply base sourcing refers to the process of identifying potential suppliers.

Promoting Diversity by Intentionally Buying from Small Firms or Ethnic