Supplier Sourcing Quiz
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Questions and Answers

What is a benefit of locally sourced goods according to the text?

  • Lower cost due to mass production
  • Higher profit margins for businesses
  • Consumer preference for organic products (correct)
  • Greater variety of products
  • What is a challenge for businesses in low-cost countries when it comes to local sourcing?

  • High import taxes
  • Difficulty in communication with suppliers
  • Lack of skilled labor
  • Higher cost for boutique-level quality (correct)
  • What is the example of a traditional handwoven mat in the Philippines mentioned in the text?

  • Banig (correct)
  • Tapa cloth
  • Abaca basket
  • T'nalak
  • What is the primary advantage of regular checks and clear communication for buyers according to the text?

    <p>Better control over the finished product</p> Signup and view all the answers

    What is the primary role of an importer mentioned in the text?

    <p>Bringing goods from foreign countries</p> Signup and view all the answers

    Local sourcing is not affordable for businesses in low-cost countries

    <p>False</p> Signup and view all the answers

    The abaca basket is a staple in Bicol's traditional planting methods

    <p>True</p> Signup and view all the answers

    Importers are not mentioned as a type of supplier in the text

    <p>False</p> Signup and view all the answers

    The Abaniko serves various purposes like planters, hampers, and decorative items

    <p>True</p> Signup and view all the answers

    Regular checks and clear communication provide buyers with better control over the finished product

    <p>True</p> Signup and view all the answers

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