Question

What are some of the consequences of choosing the wrong supplier? a. production delays U b. lost profits O c. enhance firm's competitiveness O d. lower market share e. All of the above f. Only a, b & d.

Answer 1

Choosing the wrong supplier can result in production delays, lost profits, and lower market share.

Step-by-step explanation:

Choosing the wrong supplier can have several consequences for a business. Some of these consequences include:

1. Production delays: A wrong supplier may not be able to deliver the required materials or goods on time, which can lead to delays in the overall production process.
2. Lost profits: If the wrong supplier provides subpar products or services, it can result in dissatisfied customers and lost sales, ultimately impacting the business's profits.
3. Lower market share: Poor quality products or delays in the production can cause customers to switch to competitors, leading to a lower market share for the business.

Therefore, the correct answer is f. Only a, b & d.