Many of the independent grocery stores in Hamilton use the same bags at the checkout and the same polystyrene trays for meats in the meat department.What can these stores do to minimize the costs of the bags and the trays?
A) The stores can independently purchase lower-grade products
B) The stores can independently search for new vendors
C) The stores can work together and run a reverse auction to find a low-cost supplier
D) The stores can work together to encourage recycling
E) The stores can outbid each other to pay the lowest cost on the products

Question

Quizplus · Accepted Answer

By working together and running a reverse auction, the independent grocery stores can find a low-cost supplier for bags and trays. This will allow them to minimize costs while still maintaining quality products. Independently purchasing lower-grade products or outbidding each other to pay the lowest cost on the products may result in a compromise in the quality of the bags and trays, which may ultimately result in dissatisfied customers. Searching for new vendors may also be beneficial, but running a reverse auction would be a more efficient approach. Encouraging recycling is a good initiative, but it may not directly address the cost issue.

Many of the Independent Grocery Stores in Hamilton Use the Same