Question: Identify ALL true statements ( Choose ALL that apply ) An advantage of the few suppliers sourcing strategy is the high cost of changing partners.
Identify ALL true statements Choose ALL that apply
An advantage of the "few suppliers" sourcing strategy is the high cost of changing partners.
With the "many suppliers" sourcing strategy, the order usually goes to the lowest bidder.
Building longterm partnerships with a few suppliers is an example of backward integration
Longterm "partnering" relationships are one of the main goals of the "few suppliers" sourcing strategy.
A manufacturer that acquires one of its key product distributors would be practicing forward integration.
A manufacturer that acquires one of its key product distributors would be practicing backward integration.
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