The greatest advantage of buying component parts from independent suppliers is that the firm can maintain its flexibility.

Question

Quizplus · Accepted Answer

When a firm buys component parts from independent suppliers, they have the advantage of being able to choose different suppliers for different products, change suppliers if necessary, and negotiate prices and terms to best suit their needs. This allows the firm to maintain its flexibility in adapting to changes in the market and in its own business strategy. Therefore, the statement is true.

The Greatest Advantage of Buying Component Parts from Independent Suppliers