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5 Cards in this Set
- Front
- Back
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price
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price must be reasonable in relation to what is being sold/offered
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payment terms
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a firm must consider the credit they are given - small firms can only offer 30 days, where as large firms can offer 120 days.
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quality
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the quality must be good. if the quality is poor due to the supplier, the firm's brand gets damaged because they are the ones selling it.
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capacity and flexibility
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the supplier must be able to react at moments of high demand
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reliability
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suppliers must be able to deliver on time or at least give a warning in advance. if not the firm cannot supply its own customers and that decreases the rep, brand and customer service.
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