By having suppliers visibly compete against each other,the buyers reduce their risks and benefit from competition.

Name: By having suppliers visibly compete against each other,the buyers reduce their risks and benefit from competition.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

When suppliers compete against each other, buyers can compare prices, quality, and other factors, reducing their risks and benefiting from the competition. This can result in better deals, improved quality, and greater innovation from suppliers.

By Having Suppliers Visibly Compete Against Each Other,the Buyers Reduce