A company decides to locate a new supplier for its main ingredient. Which factor is influencing this change?

Prepare for the WGU BUSI3731 VZT1 Marketing Applications Exam with our tailored quiz. Leverage flashcards, multiple-choice questions, hints, and explanations. Enhance your marketing skills and ace your test!

The decision to locate a new supplier for a company's main ingredient is primarily influenced by the economic environment. This includes factors such as costs, supply availability, and market conditions that can impact the company's operational efficiency and profitability. When a company seeks out new suppliers, it typically evaluates pricing structures, logistics costs, and the overall economic health of potential supplier locations to ensure it can maintain competitive pricing and quality.

While the social cultural environment might influence decisions regarding supplier ethics or sustainability practices, it wouldn't typically be the driving factor in the operational decision of sourcing materials. The technological environment can affect how suppliers operate and the methods of delivery, but it usually does not dictate the need for a new supplier. Likewise, the political environment may influence trade regulations or tariffs but generally does not play a direct role in the choice of suppliers compared to economic considerations. Thus, focusing on the economic environment provides the most relevant context for this decision-making process.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy