Final answer:
Using the Cvent Supplier Network for finding venues typically leads to significant cost savings. It offers a competitive environment for suppliers, efficient negotiation tools, and analytics for informed decision-making.
Step-by-step explanation:
Cost savings can be significant when using tools like the Cvent Supplier Network for finding venues. These platforms provide a centralized system for sourcing event venues and suppliers, which allows for easier comparison of prices and services. By leveraging these tools, organizations can efficiently negotiate better deals due to the competitive environment the platform creates among suppliers. Furthermore, they save time and resources by streamlining the planning process, which can indirectly lead to further costs reduction.
Additionally, the Cvent Supplier Network typically offers analytics and reporting tools that help planners make informed decisions, enabling further cost savings by choosing options that provide the best value for their budget. As such, the answer to the question is D) Significant cost savings.