A supply partnership refers to
A. when a supplier requires a buyer purchasing some products from it to also buy others.
B. an arrangement a manufacturer makes with a reseller to handle only its products and not those of competitors.
C. the illegal practice of refusing to purchase a seller's products unless the seller agrees not to purchase that product or any similar products from any other buyer.
D. the practice whereby a seller requires the purchaser of one product to also buy another item in the line.
E. a relationship that exists when a buyer and its supplier adopt mutually beneficial objectives, policies, and procedures for the purpose of lowering the cost of or increasing the value of products and services delivered to the ultimate consumer.
Answer: E
You might also like to view...
Give an example of when you or someone else in an organization, for which you work for or have worked with, used one of the five influencing tactics to achieve an objective. Be sure to state the tactic used.
What will be an ideal response?
The objective function is:
A) MIN 7X13 + 8X14 + 4X23 + 7X24 + 3X34 + 3X43 + 25X35 + 6X36 + 17X37 + 29X45 + 8X46 + 5X47. B) MIN 7X13 + 8X14 + 4X23 + 7X24 - 3X34 - 3X43 + 25X35 + 6X36 + 17X37 + 29X45 + 8X46 + 5X47. C) MIN 7X13 + 8X14 + 4X23 + 7X24 + 3X34 + 3X43 - 25X35 - 6X36 - 17X37 - 29X45 - 8X46 - 5X47. D) MIN 7X13 + 8X14 + 4X23 + 7X24 + 25X35 + 6X36 + 17X37 + 29X45 + 8X46 + 5X47.
A drawer must have a valid legal ground for issuing a stop-payment order, or the holder can sue the drawer for payment.
Answer the following statement true (T) or false (F)
Which of the following cost-reduction and process-improvement techniques is often used in conjunction with target costing?
A. Cost allocation. B. Value engineering. C. Deterministic simulations. D. Budgetary padding. E. Linear programming.