Question

"Which of the following is an advantage for a Buyer to only use

one Supplier for services?
Group of answer choices
1. Market pricing
2. Distributed Supply Risk
3. Volume discounts
4. Price Hikes
5. Competitive approach

Answer 1

Using one supplier for services can provide advantages such as better pricing, reduced supply risk, and volume discounts.

Step-by-step explanation:

Using one supplier for services can provide several advantages for a buyer:

1. Market pricing: By having a single supplier, the buyer can negotiate better prices based on the volume of services they are purchasing.
2. Distributed supply risk: With only one supplier, the buyer avoids relying on multiple suppliers and reduces the risk of disruptions in the supply chain.
3. Volume discounts: By consolidating their purchases with one supplier, buyers can often negotiate volume discounts, resulting in cost savings.