True or False: Business organizations and suppliers must work together as partners to maximize their return on investments.
Understand the Problem
The question involves creating a true or false statement based on the provided text about the importance of suppliers in business operations and the relationship between suppliers and business organizations.
Answer
True
The final answer is True.
Answer for screen readers
The final answer is True.
More Information
Business organizations and suppliers working together as partners helps both entities maximize their returns on investments as they can optimize processes, reduce costs, and improve outcomes.
Tips
A common mistake in interpreting this concept is assuming that organizations and suppliers can operate in silos and still achieve maximum ROI. Collaboration generally leads to better results.
Sources
- Customer-Supplier Relations - NVT Quality - nvtquality.com
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