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_____ and ____ are the major factors influencing the selection of suppliers.

  • Price and Quantity are the major factors influencing the selection of suppliers.
  • Price and quantity are indeed two of the most important factors that influence the selection of suppliers.
  • Companies typically look for suppliers who can provide the goods or services they need at a competitive price and in the required quantities.
  • Price is important because it affects the overall cost of production, and in turn, the profitability of a business.
  • Companies aim to minimize costs and maximize profits, so they tend to choose suppliers who offer the best value for their money.