What is the role of a supplier for an enterprise?

Enhance your IGCSE Enterprise exam preparation. Study with flashcards and multiple choice questions. Each question provides hints and explanations. Ensure success in your exam!

Multiple Choice

What is the role of a supplier for an enterprise?

Explanation:
The role of a supplier for an enterprise is fundamentally about providing the goods or materials that the business needs to operate effectively. Suppliers are crucial to the supply chain, as they ensure that businesses have access to the raw materials, components, or finished products required for their operations. This relationship is essential for maintaining production schedules, meeting customer demand, and ultimately enabling the business to deliver its products or services. Without the support of suppliers, enterprises would struggle to acquire the necessary materials, which could lead to production delays, decreased sales, and unmet customer expectations. This means that the dependable supply of goods and materials directly influences an enterprise's efficiency and ability to compete in the market.

The role of a supplier for an enterprise is fundamentally about providing the goods or materials that the business needs to operate effectively. Suppliers are crucial to the supply chain, as they ensure that businesses have access to the raw materials, components, or finished products required for their operations. This relationship is essential for maintaining production schedules, meeting customer demand, and ultimately enabling the business to deliver its products or services.

Without the support of suppliers, enterprises would struggle to acquire the necessary materials, which could lead to production delays, decreased sales, and unmet customer expectations. This means that the dependable supply of goods and materials directly influences an enterprise's efficiency and ability to compete in the market.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy