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Class 12 Business Studies Planning Types of plansMediumLevel 95

A company says vendor selection will give priority to quality price and timely supply. What is this?

Answer and explanation

Correct answer: Policy

It is general guidance for selection decisions so it is policy. In exams priority based guidance indicates policy.

Tags

planningpolicyvendor-selection

Frequently asked questions

What is the correct answer to this question?

Policy

Why is this the correct answer?

It is general guidance for selection decisions so it is policy. In exams priority based guidance indicates policy.

Which subject and chapter does this question cover?

This is a Class 12 Business Studies question. Chapter: Planning. Topic: Types of plans.

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