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Supply functions can increase customer satisfaction by

Supply functions can increase customer satisfaction byA) Securing suppliers that offer speedy delivery times with lower quality.
B) Securing suppliers who offer better quality, have slower delivery times, and with a premium price.
C) Securing suppliers that offer lower quality and low prices.
D) Securing suppliers who deliver better quality, faster, and with a better price.

Final answer:Supply functions can increase customer satisfaction by securing suppliers who provide better quality, faster delivery, and competitive pricing. This requires effective supply chain management and responsiveness to market conditions, which can result in higher customer satisfaction and better competitive positioning. so,the correct option is:(D) Securing suppliers who deliver better quality, faster, and with a better price.Explanation:Supply functions can increase customer satisfaction by securing suppliers who deliver better quality, faster, and with a better price. This aspect of supply chain management is critical as it directly influences customer perceptions and purchasing decisions. In competitive markets, where substitutes are readily available, the uniqueness and value proposition of a product are essential. High-quality products delivered in a timely manner at a competitive price can equate to high customer satisfaction. Businesses must manage their supply chains effectively to ensure they meet these standards, which can include maintaining just-in-time inventory systems, requiring quality control documentation from suppliers, and being responsive to market demand changes.Competition often leads to lower prices and higher quality as businesses strive to attract consumers. The law of supply and demand, along with competition, determines many aspects of the business including the cost of raw materials and wages. When demand exceeds supply, prices tend to rise, whereas prices fall when supply exceeds demand. Businesses triumph by offering what they do faster, better, and cheaper than the competition, and understanding quality and quality systems can provide them with the competitive edge necessary for success....

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