True/False
In an absence of competition situation, a supplier may hold the buyer hostage by unduly raising prices without justification or becoming too complacent, particularly when there are higher switching costs.
Correct Answer:
Verified
Correct Answer:
Verified
Q35: Maintaining multiple suppliers for each item can
Q36: The elimination of both marginal and small-purchase-volume
Q37: During the early phases of supply base
Q38: Buyers cannot move too aggressively when rationalizing
Q39: Few international shipments of merchandise require insurance
Q41: Central to the design of all supplier
Q42: All organizations need to pursue supplier development.
Q43: Considering the cost-based supplier evaluation system, the
Q44: Buyers rarely rely on suppliers for cost-reduction
Q45: A single source can never deliver cost