A major benefit of multiple sourcing is a lower price that results from the higher volumes offered to a supplier.

Name: A major benefit of multiple sourcing is a lower price that results from the higher volumes offered to a supplier.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Multiple sourcing involves using several suppliers, which typically reduces volume with any single supplier and may not lead to lower prices due to higher volumes. It aims to reduce risk and dependency on one supplier rather than leverage volume for price reductions.

A Major Benefit of Multiple Sourcing Is a Lower Price