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

Question

Quizplus · Accepted Answer

Ethical sourcing refers to selecting suppliers based on ethical standards such as promoting diversity, fair treatment of workers, and environmental sustainability. Buying from small firms or ethnic minority businesses aligns with the ethical goal of promoting diversity. Supply base rationalization refers to reducing the number of suppliers to achieve cost savings, while sustainable sourcing focuses on minimizing negative environmental impacts. Supply base sourcing is not a commonly used term in purchasing or supply chain management.

Promoting Diversity by Intentionally Buying from Small Firms or Ethnic