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 neededRecommend specific criteria (no less than 5 elements)Explain why each element in the list is neededTo strengthen your recommendation, include an example of a company (one that is operating now – not a future one) and its criteria.InstructionsUse 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.