Explain why a selection criteria is needed, business and finance homework help

Prompt:

Your CEO wants to develop specific criteria to select vendors for office supplies, equipment, etc. and has asked you to investigate selection criteria. In a two page business memo:

• Explain why a selection criteria is needed
• Recommend specific criteria (no less than 5 elements)
• Explain why each element in the list is needed
• To strengthen your recommendation, include an example of a company and its criteria.

Instructions

• Use the attached memo template.
• Support your memo with 2 to 3 credible references beyond the course materials. Please note Wikipedia, Investopedia and similar websites are not credible academic references. The best place to locate credible references is the Online Library.