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Sample Solution for SITXINV007 - Purchase Goods

Complete the following table.

  • Briefly describe each of the following expectations on supplier capacity.
  • For each expectation, describe how it can be assessed
  1. 1
  2. 2

Economics Assignment Sample

Q1:

Answer :

 Expectations

Describe each expectation

How to assess supplier’s capacity to meet the expectation

 Price expectations

The supplier must offer a fair price that meets the buyer’s budget and is agreed upon by both parties.

Check if the supplier’s price is competitive and fair compared to other suppliers. Ensure the price matches what was agreed upon.

 

Quality expectations

 

The supplier should provide products that are of good quality and meet the agreed-upon standards.

 

Compare the quality of the supplier’s products to similar products from other suppliers. You can also test or inspect the products to make sure they are of the expected quality.

 

Delivery expectations

 

The supplier should deliver the goods on time and as promised.

 

Look at the supplier’s past performance in meeting delivery deadlines. Check if they deliver the right amount of goods at the agreed time and with no problems.