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4) Does Ballantine experience vendor turnover?
While situations beyond our control
certainly do contribute to some vendor turnover, we have a reputation
for maintaining vendor and client relationships for long periods
of time. Some of the steps we take to promote long-term vendor
alliances are as follows:
- Thorough check of their financial condition.
- Initial inspection of the plant and meetings with their key people.
- Whenever possible, we attempt to work with plants that have little to no representation in our market to minimize conflicts.
- We are demanding but fair and good to work with.
- We pay our bills very promptly, often within 20 days.
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