Certification in Supplier Diversity Practice Exam

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What is expected from first tier suppliers towards second tier diverse suppliers?

Financial support and investments
Information transfer such as technology and quality
Performance reviews
Competitive bidding processes

The correct answer is: Information transfer such as technology and quality

The expectation for first-tier suppliers regarding second-tier diverse suppliers primarily revolves around the transfer of information, including technology and quality standards. First-tier suppliers play a crucial role in fostering diversity and inclusion within the supply chain. By sharing vital information and resources with second-tier diverse suppliers, first-tier suppliers help build the capacity and capabilities of these smaller or diverse businesses. This transfer of knowledge can enhance the quality of products and services provided by second-tier suppliers, as they gain insights into industry best practices, innovative technologies, and quality assurance processes. By doing so, first-tier suppliers not only support these diverse businesses in becoming more competitive but also contribute to a more inclusive and robust supply chain, benefiting the overall industry. The other options touch upon aspects of supplier relationships, but they do not capture the primary role of first-tier suppliers in actively empowering second-tier diverse suppliers through information exchange, making this the most accurate answer.