choosing appropriate suppliers

Question 1

corporate social responsibility (CSR)

Answer 1

requires a business to go beyond its legal obligations to operate in an ethical manner.

Question 2

consideration when choosing appropriate suppliers

Answer 2

The price that the supplier is offering
The quality of the goods and materials being supplied
Reliability of supplier
Proximity of supplier - having local suppliers reduces travel time, cost and impact on the environment.
Corporate Social Responsibility - (CSR) - is the supplier a good corporate citizen?

Question 3

benefits of a supplier that meets CSR

Answer 3

Reduce business costs
Improve reputation
Customer are more likely to buy
More likely to get investors

Question 4

limitations of a supplier that meets the CSR

Answer 4

Increased costs
Maintaining a supply chain
Working with new suppliers