An increase in supplier prices may require:
A)raising the price of products/services.
B)purchase of lesser inventory.
C)an increase in the purchasing budget.
D)reviewing all other expenses and perhaps institute tighter controls.

Question

Quizplus · Accepted Answer

If there is an increase in supplier prices, it may become necessary to increase the prices of the products or services being offered to maintain profitability. This will ultimately help in covering the higher costs incurred from the supplier prices increase.

An Increase in Supplier Prices May Require