A firm's primary goods and services suppliers are referred to as:
A) First-tier suppliers
B) Market winners
C) Third echelon suppliers
D) Customers

Question

Quizplus · Accepted Answer

First-tier suppliers are the primary suppliers for a firm. They are the ones that provide the core materials and components needed for a company's goods and services. Market winners are not a category of suppliers, third echelon suppliers are not a commonly used term, and customers are those who purchase a firm's goods and services, not supply them.

A Firm's Primary Goods and Services Suppliers Are Referred to As