People often say that you should get four or five quotations, even for repeat orders, as this encourages competition and keeps prices low. Other people say that you should form an alliance with one supplier so that you understand each other’s needs and can work closely together. Which of these views do you find more persuasive?
People often say that you should get four or five quotations, even for repeat orders, as this encourages competition and keeps prices low. Other people say that you should form an alliance with one supplier so that you understand each other’s needs and can work closely together. Which of these views do you find more persuasive?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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People often say that you should get four or five quotations, even for repeat orders, as this encourages competition and keeps prices low. Other people say that you should form an alliance with one supplier so that you understand each other’s needs and can work closely together. Which of these views do you find more persuasive?
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