Ask Question
BusinessBusiness
8 February, 15:05

True or False? Modern companies deal with many different suppliers in order to avoid problems that can arise when one supplier is unable to provide needed parts or materials.

+4
Answers (1)
  1. 8 February, 15:21
    0
    True

    Explanation:

    The statement modern companies deal with many different suppliers in order to avoid problems that can arise when one supplier is unable to provide needed parts or materials is true because businesses try to maintain different suppliers for a specific good to be able to react quickly and have the material available if one of the suppliers have a problem to provide itl. For example, on key materials some companies decide to buy most of the material to the supplier that offers the best value in terms of price and quality but they decide to buy a small percentage from another supplier to guarantee that they will always have the material available in case the main supplier is not able to provide the good and they can cover the immediate need with the other one.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “True or False? Modern companies deal with many different suppliers in order to avoid problems that can arise when one supplier is unable to ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The threat of new entrants is high when there are a. high switching costs b. high differentiation among competitors' products and services c. low economies of scale d. high capital requirements
Answers (1)
How is price determined using cost-plus pricing? A. The price is set by determining the customer's value perceptions. B. The price is set based on demand. C. The price is set so that total revenue covers total costs. D.
Answers (1)
Using your knowledge about economic concepts and what you read about the Clean Air Act, compose a two-paragraph essay to the head of a power plant that describes how the Clean Air Act can affect the business. Present both sides of the argument.
Answers (2)
Adens Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 6.25 Direct labor $ 2.
Answers (1)
What are the names of the three branches of government?
Answers (1)
New Questions in Business
During organized sales dialogues (presentations), salespeople are able to propose and develop customized solutions once they: Question 18 options: a) have convinced buyers to sign a sales agreement. b) are sure of minimal buyer-seller interaction.
Answers (1)
Peterson Company's petty cash fund was established on January 1 with $500. On January 31, a count of the fund revealed: $105 in cash remaining and vouchers for miscellaneous expenses totaling $400.
Answers (1)
The Ministry of Health in the Canadian Province of Ontario conducted the Ontario Health Survey by conducting interviews with 30,000 randomly selected men and 35,000 randomly selected women who reside in Ontario. This is an example of
Answers (1)
You are purchasing a used car and will make 5 annual payments of $3,500 starting one year from today. If your funds could be invested at 9%, what is the present value of the car? (Round the final answer to the nearest dollar.
Answers (1)
Which is a non commercial food service
Answers (1)
Home » Business » True or False? Modern companies deal with many different suppliers in order to avoid problems that can arise when one supplier is unable to provide needed parts or materials.
Sign Up Forgot Password?