BUISENESS MANAGEMENT
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An example of a good vendor would be ____
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A nearby vendor who is reliable
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A far away vendor who is reliable
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A nearby vendor who is unreliable
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A far away vendor who is unreliable
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Explanation:
Detailed explanation-1: -Definition and Example of a Vendor A company or an individual who sells a good or a service is a vendor. Vendors may sell to other businesses, or they may be retailers who sell straight to consumers. An example of a vendor is a company that provides inventory for boutique clothing stores.
Detailed explanation-2: -DEFINITION OF A RELIABLE SUPPLIER Reliability is simply defined as the ability of a company to consistently supply an acceptable product at the required time. There are seven criteria by which reliability can be judged. Quality-A quality product must be consistently delivered that satisfies the customer’s needs.
There is 1 question to complete.