Mike Hardware and James Industrial Supplier have worked closely for many years and have a mutually beneficial relationship in which Mike provides all of James's hardware needs in a timely manner. Mike and James's relationship could be best characterized as a(n)
A. reciprocity agreement.
B. partnership.
C. intra-organizational group.
D. alliance.
E. tying arrangement.
Answer: B
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a. True b. False Indicate whether the statement is true or false
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a. informal buying organization b. resident buying office c. decentralized buying organization d. centralized buying organization
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Answer the following statement true (T) or false (F)
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