Briefly describe how to conduct the factor weighting approach to supplier evaluation
What will be an ideal response?
The factor weighting technique simultaneously considers multiple supplier criteria. First a set of important selection criteria must be chosen. Then an importance weight must be assigned to each factor. These weights often sum to 100%. Then each potential supplier is scored on each selection criterion according to the same numerical scale (e.g., 1-10). Finally, each supplier's weighted total score equals the sum over all selection criteria of the product of that supplier's score multiplied by the importance weight for that criterion. The supplier with the highest total scored is deemed most attractive.
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Kenneth Thomas identifies four key rewards that increase an individual's intrinsic motivation; they are
a. sense of choice, sense of competence, sense of meaningfulness, sense of progress. b. sense of justice, sense of competence, sense of meaningfulness, sense of progress. c. sense of choice, sense of competence, sense of meaningfulness, sense of task. d. sense of choice, sense of competence, sense of meaningfulness, sense of justice. e. sense of choice, sense of judgment, sense of meaningfulness, sense of progress.
Worthington Farm raises chickens. For years, it has used wooden coops to haul its poultry to market. When Bob Worthington went to reuse some of his coops, he noticed many of them could not be sufficiently cleaned for reuse and ought to be replaced
Worthington was at which stage of the business buying process? A) problem recognition B) vendor analysis C) information search D) information evaluation E) product selection