Choosing Appropriate Suppliers (VCE SSCE Business Management): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What innovation benefit do strong supplier relationships provide?
What innovation benefit do strong supplier relationships provide?
Early access to new technologies & materials
Why do timely suppliers allow businesses to maintain minimal inventory levels?
Why do timely suppliers allow businesses to maintain minimal inventory levels?
Reduces storage costs, waste, theft losses
What does settling bills promptly demonstrate to suppliers?
What does settling bills promptly demonstrate to suppliers?
Financial stability & professionalism
What are the four primary criteria for selecting suppliers?
What are the four primary criteria for selecting suppliers?
Price, quality, reliability, social resp.
Why should price never be the sole factor when selecting suppliers?
Why should price never be the sole factor when selecting suppliers?
Cheapest may compromise quality or ethics
What does environmental sustainability refer to?
What does environmental sustainability refer to?
Using resources at natural replenish rate
What does ISO 14001 compliance demonstrate?
What does ISO 14001 compliance demonstrate?
Commitment to environmental performance
How do local suppliers reduce environmental impact?
How do local suppliers reduce environmental impact?
Shorter distances lower CO2 emissions
How does ethical procurement enhance business reputation?
How does ethical procurement enhance business reputation?
Attracts green investors & ethical buyers
What is a key disadvantage of ethical procurement?
What is a key disadvantage of ethical procurement?
Ethical suppliers may charge higher prices