Question

Since suppliers often offer virtually identical quality levels and prices, the final decision on supplier selection often depends on

a. the location of the supplier.
b. which supplier has an Internet site.
c. which supplier the competitor is using.
d. the firm's past experience with each supplier.

Answer 1

The final decision on supplier selection often depends on the firm's past experience with each supplier.

Step-by-step explanation:

The final decision on supplier selection often depends on the firm's past experience with each supplier. While suppliers may offer virtually identical quality levels and prices, the firm's previous interactions and transactions with a particular supplier can influence their decision.

Factors such as the reliability, consistency, and responsiveness of the supplier's service can be important considerations.

Answer 2

The final decision on supplier selection often depends on the firm's past experience with each supplier. Option D is correct.

Step-by-step explanation:

The answer lies in the accumulated knowledge and familiarity gained through previous interactions with suppliers. This familiarity encompasses factors like reliability, consistency, and compatibility with the firm's specific needs. While aspects like location, online presence, or competitor choices might influence initial considerations, the crucial determinant is the firsthand experience with suppliers.

Past experiences offer insights into a supplier's reliability in meeting deadlines, consistency in delivering quality goods, flexibility in accommodating changes, and responsiveness in addressing concerns. Such insights empower a firm to make informed decisions, reducing risks associated with untested suppliers. Additionally, a positive track record fosters trust and streamlines communication and collaboration, creating a more efficient and productive partnership.

Ultimately, the familiarity gained through past interactions significantly influences the final decision on supplier selection, as it provides a tangible basis for evaluating and choosing the most reliable partner.

Correct answer: The firm's past experience with each supplier (Option d)