Question: While managing a nanotechnology project to build an elevator/tunnel from the ground to the space station, you need to procure a new material called

While managing a nanotechnology project to build an elevator/tunnel from the ground to the space station, you need to procure a new material called carbon nanotube, which is extremely strong and resistant to heavy air pressure. Due to patent constraints, there is only one supplier in a different state who can provide you with this material. You checked the supplier's website and realized that the price listed for the material on the site would be within your approved limit. What should you do in this situation? Notify management that there is only one source; thus, you cannot purchase the material from the single source. Consider purchasing the material from the source even though it is a sole source. Keep exploring the option to use some other material to build the tunnel. Ask the procurement department to take care of this situation.

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