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What should an entrepreneur consider while choosing a supplier?

Answer and explanation

Correct answer: Quality, price, and timely supply

A supplier should be evaluated on the quality and suitability of materials, price, reliability, delivery time, service, and ability to meet the required quantity. A low price alone may not be useful if quality is poor or delivery is late. An advertisement, office colour, or employee count by itself cannot show whether the supplier will meet business needs.

Related tags

Supplier SelectionQualityTimely SupplyIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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