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L4M6 – Supplier Relationships

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Showing 7–9 of 10 questions

Question 7

Achieving value for money can often be described as the three Es? What are these?

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    Ethics, Environment, Economy
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    Economy, Efficiency, Environment
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    Efficiency, Economy, Ethics
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    Effectiveness, Efficiency, Economy
Question 8

Beyond Say is a manufacturer of diamond rings. It sources a lot of different parts to create its products including diamonds, gold, cardboard boxes for the rings to go in, as well as stationary and copier paper for the offices. Although it doesn't buy many diamonds, these represent a large part of Beyond Say's spend. Which category of spend would diamonds represent?

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    Option
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    Option
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    Option
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    It isn't possible to tell
Question 9

Which of the following is characteristic of an adversarial relationship?

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    The communication is always poor
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    The price is more important than the quality of the product
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    They are only used for one-off purchases
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    The outcome of the deal is more important than the long term relationship