When Hormel Foods implemented an Internet-based procurement system, Hormel's relationships with its suppliers were affected in all of the following ways except

Question

Quizplus · Accepted Answer

The implementation of an Internet-based procurement system could affect Hormel's relationships with suppliers in various ways, including tangible and intangible investments, increased dependency on Hormel's business, and supplier evaluation. However, it is unlikely that the implementation of the procurement system would make Hormel's suppliers more attractive to other food companies, which would increase the prices they could charge. In fact, the opposite may be true, as Hormel would have more efficient and cost-effective procurement processes, which could lead to lower prices for its suppliers in order to remain competitive.

When Hormel Foods Implemented an Internet-Based Procurement System, Hormel's Relationships