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Andrea Cebula
on Oct 18, 2024

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Single sourcing for a product is used to

A) guarantee the supplier sufficient business when the supplier has to make a significant buyer-specific investment.
B) ensure a degree of competition.
C) ensure the possibility of a backup should a source fail to deliver.
D) control all possible sources of supply in the market.

Single Sourcing

The procurement practice of acquiring goods or services from one selected supplier.

Buyer-Specific Investment

Investments made by a company tailored to the needs or specifications of a single buyer, often to strengthen the business relationship or secure long-term contracts.

  • Understand the essential need to consider a range of factors in supplier comparison and choice.
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Marven EnriglesOct 25, 2024
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