Which of the following statements about vendor analysis is true?
A) Its goals include increasing the total costs associated with purchases.
B) It is also known as portfolio analysis.
C) Its sole purpose is to get the lowest price from a supplier on a given product or service.
D) It is an informal rating of the retailers and wholesalers in an industry.
E) It helps in selecting suppliers by evaluating them in all relevant areas of performance.
Correct Answer:
Verified
Q165: When a company is trying to decide
Q166: Organizational buyers
A)tend to rely almost totally on
Q168: A purchase having some multiple influence and
Q169: A sales representative calls on a prospective
Q171: A straight rebuy
A)involves setting product specifications and
Q172: Percy Malik,purchasing agent for Black Mountain Chemical
Q173: A vendor is most likely to make
Q175: A buyer who has not purchased from
Q178: Definitely Scrumptious Co., a cookie manufacturer, decides
Q194: Rosalinda's Steak House purchases 70 T-bone steaks
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents