110k views
2 votes
Intimacy with suppliers allows them to provide vital inputs, which lowers costs _____.

User Malca
by
7.7k points

1 Answer

2 votes

Final answer:

Intimacy with suppliers allows businesses to access vital inputs at a lower cost, which can be passed on to consumers in the form of lower prices.

Step-by-step explanation:

Intimacy with suppliers allows businesses to establish strong relationships and collaborate closely with them. This allows the businesses to access vital inputs from the suppliers, such as raw materials or components, at a lower cost. By working closely with suppliers, businesses can negotiate better prices, bulk discounts, or favorable terms, resulting in cost savings. These cost savings can then be passed on to the consumers in the form of lower prices for the final products or services.

User Daniel Balas
by
8.3k points