Which of the following is "the minimum amount of money the suppliers are willing to accept to provide the firm with the needed resources"?
A) Total value created
B) Customer willingness to pay
C) Firm cost
D) Supplier opportunity cost
E) None of the above

Question

Quizplus · Accepted Answer

Supplier opportunity cost represents the minimum amount of money that suppliers are willing to accept to provide the firm with the needed resources. This is because it reflects the value of the next best alternative that the supplier is giving up by choosing to provide the resources to the firm.

Which of the Following Is "The Minimum Amount of Money