The most important reason why a small business should build good relationships with large suppliers is
A)forecasting can be made easier with the suppliers input.
B)it will make the small business stand out from other firms buying from the supplier.
C)the need for the small business to have prices as low as possible on purchases.
D)the relationship can make the small business more competitive.

Question

Quizplus · Accepted Answer

Building good relationships with large suppliers can provide a small business with better access to resources, knowledge, and opportunities, which in turn can make it more competitive. A strong partnership can lead to better pricing, consistent delivery, higher quality products, and even co-branding and marketing initiatives. Additionally, a good relationship with a large supplier can help a small business gain credibility and visibility in the market. While forecasting, standing out, and obtaining low prices may also be potential benefits, they are not as critical as the competitive advantage that can result from a strong supplier relationship.

The Most Important Reason Why a Small Business Should Build