Choosing Suppliers (AQA A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does dependability mean when choosing a supplier?
What does dependability mean when choosing a supplier?
Reliability & meeting delivery deadlines
Why is flexibility important in a supplier?
Why is flexibility important in a supplier?
To respond efficiently to demand changes
What problem does inconsistent quality from suppliers create?
What problem does inconsistent quality from suppliers create?
Customer complaints and returns
How do favourable payment terms (e.g. 60-day credit) help a business?
How do favourable payment terms (e.g. 60-day credit) help a business?
Improve cash flow by delaying payment
Which is NOT mentioned as an ethical consideration when choosing suppliers?
Which is NOT mentioned as an ethical consideration when choosing suppliers?
Speed of delivery times
What is the ultimate goal of effective supply chain management?
What is the ultimate goal of effective supply chain management?
Right product, right place, right time
Which is a benefit of effective supply chain management?
Which is a benefit of effective supply chain management?
Customer loyalty and revenue maximisation
Which departments need coordination for effective supply chain management?
Which departments need coordination for effective supply chain management?
Marketing, Finance, and HR
What are the five key factors influencing supplier choice (DFQPE)?
What are the five key factors influencing supplier choice (DFQPE)?
Dependability, Flexibility, Quality, Price, Ethics
Why isn't the cheapest supplier always the best choice?
Why isn't the cheapest supplier always the best choice?
Must balance price with quality & reliability