Which of the following is TRUE? a. ISO 75000 is the supplier award given to the highest rated supplier in Japan. b. SRM software modules are very affordable (less than $50,000) and can be implemented with a week. c. Performance metrics and personal business relationships are both keys to building successful partnerships. d. The key to successful partnerships is developing performance measures with weights greater than 3.50.

Question

Business

Evangeline Rogers

31 May, 09:26

Which of the following is TRUE? a. ISO 75000 is the supplier award given to the highest rated supplier in Japan. b. SRM software modules are very affordable (less than $50,000) and can be implemented with a week. c. Performance metrics and personal business relationships are both keys to building successful partnerships. d. The key to successful partnerships is developing performance measures with weights greater than 3.50.

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Mekhi Friedman · Answer 1

The answer is: C) Performance metrics and personal business relationships are both keys to building successful partnerships.

Explanation:

Performance metrics and personal business relationships are necessary to building successful businesses, any type of business, not only partnerships. We need performance metrics to evaluate how our business is doing, and good business relations are essential to any business.

Performance metrics measure the activities and performance of a company (in this case partnerships). E. g. Are the employees performing their tasks correctly? Has the company meet its market share goals?

Business relationships are the human relations that exist within our company (employer - employee) and with our competition, suppliers, government and customers.