Question: When selecting a supplier, there are key things that small businesses have to consider. List three considerations that you think are most important in supplier

When selecting a supplier, there are key things that small businesses have to consider. List three considerations that you think are most important in supplier selection. For each, describe why you think it is a key consideration, perhaps including some PRO/CON arguments relating to why one supplier might be a good choice or not.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 Reliability and Consistency Importance Reliability is crucial for maintaining a smooth supply chain Small businesses depend on suppliers who consist... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...

Case Study: Quick Fix Dental Practice Technology requirements Application must be built using Visual Studio 2019 or Visual Studio 2017, professional or enterprise. The community edition is not...

Describe the Spanish Theocratic Rule during Spain's colonial era in the Philippines?

Determine the constant c so that the following function is a probability mass function: for f(x) = cx for x = 1, 2, 3, 4.

LO.3 Al has been working for an advertising agency during the two years since he graduated from college with a double major in marketing and art. In his spare time, Al enjoys painting landscapes. He...

Determine the common sample size (i.e., ???????? = ????????) for a two-sample ????-test when ???????? ???????? and (a) ???? = 20, ???? = 5, ???? = 0.05, and ???? = 0.10 for an upper-tail test. (b)...

Feherty, Inc., purchased the following investments during December 2013: 1. 50 of Donald Company's $1,000 bonds. The bonds pay semiannual interest payments and return principal in eight years....

The Sterling Tire Company's income statement for 20XX is as follows: STERLING TIRE COMPANY Income Statement Year ended December 31, 20XX Sales (20,000 tires at $60 each) Less: Variable costs 20.000...

The beam shown in Figure P567 carries a repeated, reversed load of 400 N applied at section C. Compute the resulting design factor if the beam is made from SAE 1340 OQT 1300. Data in Figure P567. 12...

Stuck accounting! Send help pls & ty! On September 1, 2017, Watkins Company establishes a petty cash fund by issuing a check for $250 to Mike Martz, the custodian of the petty cash fund. On September...

All doctors have advanced medical degrees. No employees in Clinic C have advanced medical degrees. Based on the information above, which of the following statements CANNOT be true?...

You have created a launcher that can launch golf balls with a velocity of 24 m/s [40 above horizontal]. Theshooter is located at a height of 2.0 m above the ground and a distance of 25 m from a wall...

The process of characterization is not always a technical, formalistic exercise, confined to the strict legal operation of the impugned law (law under review.) There are times when the Court will...

1. Consider a parent population with mean 75 and a standard deviation 7. The population doesn't appear to have extreme skewness or outliers. A. What are the mean and standard deviation of the...

Unit 2 FRQ Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional...

Sheffield Company manufactures a product with a unit variable cost of $41 and a unit sales price of $75. Fixed manufacturing costs were $80100 when 8900 units were produced and sold, equating to $9...

Provide a few individual examples who revealed what aspects of emotional intelligence?

News flash: American workers arent happy with rec-room ping-pong tables and free massages. Or, to be a little more precise: Such perks arent enough to make them satisfied with their jobs. According...

Select any one of the decisions made by Hagen as described in the case. Trace through the steps that he may have followed using the rational decision-making process as a framework.

How good are you at thinking outside the box? Are you fixated on functionality? Try solving the following problem before googling the solution. You have the three items pictured here: a book of...

Garden Grove Corporation made a sale to a foreign customer on September 15, Year 1, for 100,000 foreign currency units (FCU). Payment was received on October 15, Year 1. The following exchange rates...

A company makes an export sale denominated in a foreign currency and allows the customer one month to pay. Under the two-transaction perspective, accrual approach, how does the company account for...

1. Critically comment on the results reported by CPCC under PRC GAAP, IFRS, and U.S. GAAP. 2. Identify the main areas of difference for CPCC between: a. PRC GAAP and IFRS. b. IFRS and U.S. GAAP. 3....