L3M3 practice question 9 of 15
Which of the following are internal factors in supplier decision-making? Choose two.
Full set: 90 questionsCorrect Answer:
B. Cost of production; C. Shareholder and managerial expectations of profit
Explanation
Cost of production, and shareholder and managerial expectations of profit, are both internal factors in decision-making. Although shareholders may be outside the firm, management will condition shareholders' expectations. Customer perception of value and the extent of marketplace competition are significantly outwith the control of the company.
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