Developing long-term partnering relationships with a few suppliers may not be a feasible strategy for short life cycle gadgets.

Question

Quizplus · Accepted Answer

Short life cycle gadgets have a limited time span in the market and require frequent updates and changes. Therefore, it may not be feasible to establish long-term partnerships with a few suppliers as it may limit the flexibility and agility required to adapt to changing market needs and technologies. It is important to have a diverse supplier base and constantly evaluate and update the partnerships based on product and market demands.

Developing Long-Term Partnering Relationships with a Few Suppliers May Not