Which environmental factor is Connie concerned with when she decides to create a fixed cost by establishing a long-term contract with the company that provides her jewelry company with fasteners?
A) competitor
B) supplier
C) customer
D) distributor

Question

Quizplus · Accepted Answer

Connie is concerned with the environmental factor of the supplier. By creating a long-term contract with the company that provides her jewelry company with fasteners, she is establishing a fixed cost and reducing the risk of price fluctuations or availability issues from the supplier. A competitor, customer, or distributor would not be relevant in this scenario.

Which Environmental Factor Is Connie Concerned with When She Decides