The primary reason companies have placed an emphasis on buying from minority- and women-owned suppliers and vendors is because
A)new federal government regulations require it.
B)they can help a firm meet or exceed its objectives in sales,profits,or customer satisfaction.
C)it is the socially responsible thing to do.
D)it can attract new customer target markets.
E)these companies will work harder for less money.

Question

Quizplus · Accepted Answer

Buying from minority- and women-owned suppliers and vendors can help a firm meet or exceed its objectives in sales, profits, or customer satisfaction. It can also promote diversity and inclusivity in the business world, which can increase brand image and attract new customers. While social responsibility may be a factor for some companies, the primary reason for this emphasis is typically business-related. Additionally, assuming that minority- and women-owned companies will work harder for less money is a harmful stereotype and is not a valid reason for prioritizing these suppliers.

The Primary Reason Companies Have Placed an Emphasis on Buying