Final answer:
According to Honda, when selecting suppliers, you should expect to be with them as long as they are reducing costs and improving quality.
Step-by-step explanation:
True. According to Honda, when selecting suppliers, they should be expected to reduce costs and improve quality in order to maintain a long-term relationship with them. This is because reducing costs and improving quality are essential factors in achieving efficiency and competitiveness in the supply chain. For example, by selecting suppliers that continuously reduce costs, Honda can enhance their overall cost structure and maintain competitive prices for their products. In addition, suppliers that consistently improve quality can help Honda deliver reliable and high-quality products to their customers, enhancing their brand reputation and customer satisfaction.