The primary reason companies have placed an emphasis on buying from minority- and women-owned suppliers and vendors is because
A)new federal government regulations require it.
B)they can help a firm meet or exceed its objectives in sales,profits,or customer satisfaction.
C)it is the socially responsible thing to do.
D)it can attract new target markets.
E)these companies will work harder for less money.

Question

Quizplus · Accepted Answer

Companies may prioritize buying from minority- and women-owned suppliers and vendors because it can help them meet or exceed their objectives in sales, profits, or customer satisfaction. Supporting diversity in the supply chain can also bring innovation and new perspectives to a company. While social responsibility and attracting new target markets may be additional benefits, the primary driver is likely to be business goals.

The Primary Reason Companies Have Placed an Emphasis on Buying