Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 20 - Inventory Management, Just-in-Time, and Simplified Costing Methods - Assignment Material - Questions - Page 794: 20-10

Answer

Selecting the lowest price supplier isn't always the best choice. Quality, reliability, supplier reputation, total cost of ownership, and long-term relationships should also be considered.

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