How would a buyer measure value for money from a relationship with a new supplier for goods?

How would a buyer measure value for money from a relationship with a new supplier for goods?
A . Audit of how suppliers promise
B . Lowest possible cost
C . Balance of quality and cost
D . Quality and volume of goods

View Answer

Answer: C

Explanation:

Value for money is achieved through a balance of quality and cost, ensuring that the goods meet performance requirements while being cost-effective, as per procurement best practices.