MYTUTOR SUBJECT ANSWERS

2394 views

Explain what factors will influence a business' choice of supplier

Cost: The lower the cost to the business the cheaper each unit will be and this helps the business to increase their profit. However the drawback to this is that quality can be neglected as a result.

Quality: A high quality supplier will mean that the product the business is selling can meet customers satisfaction wgich will mean it is more likely they will make repeat purchases in the future. However the downside is that it will mean that costs are more likely to increase in order to provide the quality that the business desires.

Reliablity: If a business has a short turn around for delivering their product to their consumer or if a business uses Just In Time production methods then the business will want a supplier who can deliver what the business requires quickly so that they can make their products quickly or can meet stock levels.

Thomas C. A Level Government and Politics tutor, GCSE Maths tutor, A ...

2 years ago

Answered by Thomas, an A Level Business Studies tutor with MyTutor


Still stuck? Get one-to-one help from a personally interviewed subject specialist

8 SUBJECT SPECIALISTS

£20 /hr

Niall D.

Degree: Law and Business (Bachelors) - Warwick University

Subjects offered:Business Studies, ICT

Business Studies
ICT

“Hi! I’m a student of Law and Business at the University of Warwick, and achieved the highest A-Level grade for Business Studies in the UK. In the past, I’ve tutored Business Studies face to face, and have significant experience tutori...”

£36 /hr

Liam B.

Degree: Global Politics (Masters) - Durham University

Subjects offered:Business Studies, Politics+ 2 more

Business Studies
Politics
Government and Politics
-Personal Statements-

“Education University of Durham (2016 – 2017) MSc. Global Politics Key Skills gaining:  Flexibility: demonstrated through responsiveness and collaboration in group projects.  Self-Awareness: through a higher level of academic expecta...”

£20 /hr

Jesus A.

Degree: Economics (Bachelors) - Bath University

Subjects offered:Business Studies, Spanish+ 2 more

Business Studies
Spanish
French
Chemistry

“I am an Economics student at the University of Bath, originally from Madrid. I am very passionate about tutoring and have been doing so for the last two years. ”

MyTutor guarantee

About the author

PremiumThomas C. A Level Government and Politics tutor, GCSE Maths tutor, A ...

Thomas C.

Currently unavailable: for regular students

Degree: Economics and Politics (Bachelors) - Exeter University

Subjects offered:Business Studies, Maths+ 1 more

Business Studies
Maths
Government and Politics

“A second year Economics and Politics Student at Exeter looking to help, engage and support students at GCSE and A-Level”

You may also like...

Posts by Thomas

Explain what factors will influence a business' choice of supplier

What are the advantages of franchising?

What are the limitations on the Prime Minister?

Other A Level Business Studies questions

What is the Ansoff Matrix

What is product diversification?

How do I structure my answers?

Define the term 'added value'.

View A Level Business Studies tutors

We use cookies to improve your site experience. By continuing to use this website, we'll assume that you're OK with this. Dismiss

mtw:mercury1:status:ok