1. Products and services must be competitive if a company is to succeed in today's business environment. This may be achieved if companies adopt a cost leadership strategy and a product differentiation plan to provide differentiated goods at competitive prices.

These methods depend, in part, on reliable providers providing a steady stream of high-quality inputs.

 

a. Determine the additional reasons why a buyer-supplier connection is becoming more important in today's competitive business world with six example and explanation

b. Recommend the sources from where businesses can develop a pool of trusted suppliers with six example and explanation