4c) The importance of choosing appropriate suppliers

Question 1

What are inputs?

Answer 1

Inputs are the raw materials or
resources used by a business to
produce goods and services.

Question 2

What are outputs?

Answer 2

Outputs are the final goods and

services provided to customers

Question 3

What are cost-conscious customers?

Answer 3

Cost-conscious customers 
purchase goods or services 
primarily based on price. If another 
business offered a cheaper 
alternative, these customers would 
be likely switch immediately

Question 4

What is sustainability?

Answer 4

Sustainability is the ability to use
something or act in a manner that
does not deplete resources for
the future