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An entrepreneur compares suppliers on price, quality and delivery time. What is the correct name of this function?

Answer and explanation

Correct answer: Supplier evaluation

Supplier evaluation is the systematic assessment of possible suppliers using relevant criteria such as price, quality, reliability and delivery time. Considering several factors is better than choosing only the cheapest source because poor quality or late delivery can harm the business. Promotion, work control and employee welfare describe different activities. Therefore option C is correct.

Related tags

Supplier EvaluationQualityDeliveryQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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