Question 1: Define the term 'supplier' in the context of a business.

Answer: A supplier is a company or individual that provides goods or services to a business.

Question 2: List two reasons why a business might choose to work with a reliable supplier.

Answer: To ensure consistent quality of products and to avoid delays in production.

Question 3: Describe a scenario where a business might switch from one supplier to another. What could be a reason for this change?

Answer: A business might switch suppliers if the current supplier raises prices or cannot deliver goods on time.

Question 4: Explain the difference between a local supplier and an international supplier.

Answer: A local supplier is based nearby, often within the same country, while an international supplier is based in a different country.

Question 5: Identify two advantages of choosing a local supplier for a business.

Answer: Faster delivery times and lower transportation costs.

Question 6: Identify two disadvantages of relying on international suppliers.

Answer: Longer delivery times and potential issues with customs or import regulations.

Question 7: Imagine you are designing a new logo for a business that sells handmade crafts. Sketch a simple design idea for the logo in the space below.

Answer: A clear, simple logo that might include a symbol representing crafts, such as a needle and thread or a handcrafted item, with the business name in a clear font.

Question 8: Sketch a basic flowchart showing the steps a business might take to select a new supplier. Include at least three steps.

Answer: The flowchart should include steps such as: 1. Research potential suppliers, 2. Contact and request quotes, 3. Evaluate and choose the best supplier.

Question 9: Explain why maintaining good relationships with suppliers is important for a business.

Answer: Good relationships can lead to better prices, priority service, and reliable delivery, which helps the business operate smoothly.

Question 10: Describe what a business might do if a supplier repeatedly fails to deliver goods on time.

Answer: The business might look for alternative suppliers, renegotiate delivery terms, or implement penalties for late delivery.