When firms implement a single sourcing policy in their buying, other possible suppliers do not have an

Question:

When firms implement a single sourcing policy in their buying, other possible suppliers do not have an opportunity to compete for the business. Is this ethical? What are the advantages to the company? What are the disadvantages?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Marketing Real People, Real Choices

ISBN: 978-0134292663

9th edition

Authors: Michael R. Solomon, Greg W. Marshall, Elnora W. Stuart

See More Books

Question Posted: Jul 23, 2018 06:00 AM

See More Questions

Easton Electronics in Irvine, California, is a contract manufacturer that assembles complex solid- state circuit boards for advanced technology companies in the aerospace and health sciences...
What is single sourcing? Multiple sourcing? Outsourcing?
In the text we discussed two main conditions under which the median voters favored policy is also the Condorcet winner. A: Review the definition of a Condorcet winner. (a) What are the two conditions...
The population (in millions) of a country in 2015 and the expected continuous annual rate of change k of the population are given. (a) Find the exponential growth model P = Ce kt for the population...
The accounts below appear in the ledger of Popovich SA. Instructions From the postings in the accounts above, indicate how the information is reported on a statement of cash flows by preparing a...
Quatro Co. issues bonds dated January 1, 2017, with a par value of $400,000. The bonds' annual contract rate is 13%, and interest is paid semiannually on June 30 and December 31. The bonds mature in...
With the same revolutions/minute, the ratio of power developed by 4-stroke engine to that developed by 2 -stroke engine of same bore and stroke is (a) 2 (b) 1 (c) $\frac{1}{2}$ (d) 4
On May 12, 2014, Chewco Co. purchased 2,000 shares of Jedi Inc. for $112 per share, including the brokerage commission. The Jedi investment was classified as an available-for-sale security. On...
3. Starting a Brazilian Ju Jitsu (BJJ) studio Lisa has practiced BJJ over the past 2 years and although she is only a blue belt, she thinks she knows enough to turn her hobby into a business. While...
The Fashion Rack has a monthly accounting period. All transactions are recorded in a general journal. Postings are made from the general journal to the accounts receivable ledger, accounts payable...
In the buying center, the gatekeeper controls information flow to others in the center. Thus, the gatekeeper determines which possible sellers are heard and which are not. Does the gatekeeper have...
The practice of buying business products based on sealed competitive bids is popular among all types of business buyers. What are the advantages and disadvantages of this practice to buyers? What are...
Aeroplan, the loyalty program of Air Canada, has been in operation since 1984. Travellers on Air Canada flights receive Aeroplan miles, which can be redeemed for free travel, vacations, or...
The gain-phase plot of a linear control system is shown below. What are gain margin (GM) and phase margin ( $\mathrm{PM}$ ) of the system? (a) $\mathrm{GM}>0 \mathrm{~dB}$ and $\mathrm{PM}>0$...
Consider Nyquist plots (i) and (ii) shown below. Assume loop transmittance having no RHP poles. Of the following the correct statement is (ii) (a) (i) and (ii) both are stable (b) (i) and (ii) both...
The polar plot of a type - 1, 3-pole, stable open-loop system is shown below. The closedloop system is (a) always stable (b) marginally stable (c) unstable with one pole on the right half s-plane (d)...
The Nyquist plot for the open-loop transfer function $\mathrm{G}(s)$ of a unity negative feedback system is shown below. If $\mathrm{G}(s)$ has no pole in the right-half of $s$ plane, the...
In the Bode plot of a unity feedback control system, the value of phase of $G(j \omega)$ at the gain cross over frequency is $-125^{\circ}$. The phase margin of the system is (a) $-125^{\circ}$...
What is the significance of PDOs?
Wimot Trucking Corporation uses the units-of-production depreciation method because units-of-production best measures wear and tear on the trucks. Consider these facts about one Mack truck in the...
What is viral marketing? How do marketers use brand ambassador or brand evangelists?
What is social media? What are social networks? Describe Facebook, Twitter, virtual worlds, product review sites, mobile apps, and geospatial platforms.
List and explain the steps in promotion planning.
PLEASE REFER TO THE SCREENSHOT OF THE OUTPUT BELOW EACH QUESTION AND THE CODE TO ENSURE THAT THE GIVEN ANSWER MATCHES THE OUTPUT AND USES THE CORRECT TABLES SQL CODE(to long to post in text):...
Use Adventure Works Database Question 1 will be Sales.SalesOrderDetail table Questtion 2-3requires joining two tables: Sales.SalesOrderDetail and Production.Product 1. Using table...
The Driver Relationship team requested to ensure that there will be no duplicates in the active drivers tables in terms of first name, last name and driving license ID. You need to provide constraint...

When firms implement a single sourcing policy in their buying, other possible suppliers do not have an

Question:

Step by Step Answer:

Many businesses practice single sourcing The advantage is that ...View the full answer

Marketing Real People, Real Choices

Students also viewed these Business questions