L4M6 Exam Dumps : Supplier Relationships

Intense rivalry occurs when suppliers are equally balanced and face high barriers to exit, leading to aggressive competition to retain market share, as described in Porter’s Five Forces model.

Explanation

George should use a weighted award criteria – this will allow him to judge suppliers not only on cost, but also on the quality of their products and whether or not they can provide maintenance. For example George could weight the bids in this way; 40% cost, 30% durability of the panels and 30% maintenance costs. For more information on how weighted award criteria works see p.78

Explanation

The correct answer is ‘Yes-partnerships do not have end dates because they involve significant investment’. This is explained on p.126. Partnerships can involve contracts – so the other ‘yes’ answer is incorrect.