How would a buyer measure value for money from a relationship with a new supplier for goods?
A.
Audit of how suppliers promise
B.
Lowest possible cost
C.
Balance of quality and cost
D.
Quality and volume of goods
The Answer Is:
C
This question includes an explanation.
Explanation:
Value for money is achieved through a balance of quality and cost, ensuring that the goods meet performance requirements while being cost-effective, as per procurement best practices.
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