MANAGEMENT 313-CHAPTER 17
(BUSINESS AND ITS SUPPLIERS)
QUESTION AND ANSWER
CORRECTLY SOLVED 2026
supplier - correct answer ✔an organization that provides resources for other organizations
Suppliers are also known as ________. - correct answer ✔vendors or contractors
how are suppliers an important market stakeholder of business - correct answer ✔-they provide
critical inputs
-they often manufacture entire products that companies then sell to customers under their own brand
Tier one supplier - correct answer ✔hired to manufacture products and provide them directly to the
company (sometimes called contractors)
tier 2 supplier - correct answer ✔who may in turn work with even more distant suppliers (sometimes
called contractors)
supply chain - correct answer ✔the multiple steps involved in the movement of a product or service
from the most distant supplier to the customer
most suppliers share an interest in obtaining orders that will enable them to - correct answer ✔-make
money
-use their productive capacity efficiently
-build long term, stable relationships with business customers
(BUSINESS AND ITS SUPPLIERS)
QUESTION AND ANSWER
CORRECTLY SOLVED 2026
supplier - correct answer ✔an organization that provides resources for other organizations
Suppliers are also known as ________. - correct answer ✔vendors or contractors
how are suppliers an important market stakeholder of business - correct answer ✔-they provide
critical inputs
-they often manufacture entire products that companies then sell to customers under their own brand
Tier one supplier - correct answer ✔hired to manufacture products and provide them directly to the
company (sometimes called contractors)
tier 2 supplier - correct answer ✔who may in turn work with even more distant suppliers (sometimes
called contractors)
supply chain - correct answer ✔the multiple steps involved in the movement of a product or service
from the most distant supplier to the customer
most suppliers share an interest in obtaining orders that will enable them to - correct answer ✔-make
money
-use their productive capacity efficiently
-build long term, stable relationships with business customers
