Asked by Brooke Patterson on May 04, 2024
Verified
What supplier selection criteria are described by price and financial stability?
A) Capability
B) Financial
C) Quality
D) Reliability
Financial Stability
The condition of having strong financial health and resilience, often characterized by sufficient liquidity, capital, and risk management capabilities.
- Assess the criteria for selecting suppliers and comprehend the significance of financial stability alongside other considerations.
Verified Answer
VP
Velvet PaydayMay 08, 2024
Final Answer :
B
Explanation :
Price and financial stability fall under the financial criteria, which is best described by choice B. Capability, quality, and reliability are other criteria that may be considered when selecting a supplier.
Learning Objectives
- Assess the criteria for selecting suppliers and comprehend the significance of financial stability alongside other considerations.
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