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Considering quality and punctuality along with price while selecting a supplier is what type of decision?

Answer and explanation

Correct answer: Multi-criteria decision

A multi-criteria decision evaluates more than one relevant factor before making a choice. Here, price, quality, and punctual delivery all influence supplier suitability. Choosing only the cheapest supplier would be a single-factor approach, while choosing without evidence would be random or emotional. Several criteria support a more balanced business decision.

Related tags

Multi-Criteria DecisionSupplier SelectionQualityQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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