4.10: Choosing appropriate suppliers

What is the importance of choosing appropriate suppliers for a business?

• To reduce the cost of production

• To meet the corporate social responsibility objectives of the business

• To increase the number of suppliers

• To avoid legal issues

What should be considered when choosing appropriate suppliers?

• Brand image

• Proximity

• Manger choice

• The size of the suppliers

Which of the following is NOT listed as a factor to consider when choosing a supplier?

• Quality

• Reliability

• Proximity

• Marketing

Which of the following is a factor to consider when choosing a supplier?

• Price

• Location

• Brand

• Marketing

What does CSR stand for in the context of choosing a supplier?

• Customer Service Rating

• Corporate Social Responsibility

• Cost Savings Ratio

• Consumer Satisfaction Rate

What is the process of researching, selecting suppliers, negotiating contracts, and purchasing vital resources to sustain business production called?

• Marketing

• Procurement

• Distribution

• Sales

What must businesses ensure about international supplies?

• They are delivered quickly

• They meet Aus quality and safety standards

• They are the cheapest available

• They are from local suppliers

What is one benefit of closer proximity between businesses and their suppliers?

• Increased travel time

• Higher expenses

• Supporting local produce

• Reduced quality of products

Which is not a consideration when picking a supplier

• Financial/Economic

• Cultural/values

• Social

• Environmental

Which of the following is NOT a practice associated with CSR (Corporate Social Responsibility)?

• Practising sustainable procurement

• Ignoring environmental impacts

• Considering social impacts of buying from certain suppliers

• Thorough research on a supplier before making long-term commitments