Please submit answers for the following questions through Blackboard under 'Exercise 2 of 4' by the due date shown on your Syllabus

1. Outline the process for the global sourcing of suppliers?

2. Describe a business that employs a focus strategy as their competitive model.

3. Why is it important to conduct due diligence when researching supplier markets?

4. What are the implications of a monopolistic supplier market for a buyer?

5.List and explain, three requirements for building a successful supplier relationship