1. Using two suppliers for purchasing a single product is known as dual sourcing. Option 2 is right.
2. An expensive and complex item that needs qualified and competent suppliers is known as high potential value and high complexity item Option 1 is right.
3. The portfolio analysis is being used to form partnerships with suppliers for item A, which falls in critical quandrant, as the component must be high risk and high value item, for which aa partnership is being formed. Option b is right
4.Ever dollar saved in purchasing reduces cost of goods sold by a dollar, hence increases the revenue by $1. This saving reflects in the pretax profit by same amount, i.e. a dollar.
Option c is right
a sourcing strategy in which two suppliers are used for the same purchased product or service...
A company using portfolio analysis decides to form partnerships with product A's suppliers, product A falls in the bottleneck quadrant critical quadrant leverage quadrant routine quadrant