Vendor loyalty

Mitchell’s Metal Shop is considering the purchase of a new press, a machine that bends sheet metal. The cost is $10,000, which is about 25 percent of the firm’s profit for the quarter. Ford Motor Company is also considering buying new presses—30 of them. Discuss how risk is different for Frank Mitchell, owner of Mitchell’s Metal Shop, and Ford.

When is vendor loyalty important? Find at least one example in the chapter (there are several) where vendor loyalty would prove to be important, and discuss why it was important in that particular instance. What can buyers do to improve vendor loyalty? When might vendor loyalty be inefficient or wasteful?

Don't use plagiarized sources. Get Your Custom Essay on
Vendor loyalty
Just from $13/Page
Order Essay
Place Order
Grab A 14% Discount on This Paper
Pages (550 words)
Approximate price: -
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Try it now!

Grab A 14% Discount on This Paper

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.