According to Research Studies,the Closest Relationships Between Customers and Suppliers

question 7

Multiple Choice

According to research studies,the closest relationships between customers and suppliers arose when ________.

• A)the supply was important to the customer and when there were procurement obstacles
• B)procurement is simple
• C)there are many undifferentiated vendors in the marketplace
• D)the customer is highly price sensitive
• E)the suppliers charge a premium for their products

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Definitions:

Standardized

Made uniform in methodology, appearance, or content across different entities or situations to ensure consistency and comparability.

Variable Pay

Tying pay to some measure of individual, group, or organizational performance.

Employee Compensation

The total amount of wages, salaries, and benefits that an employer pays to its employees for their work.

Rate Busting

A term used, particularly in labor, to describe the act of working more quickly or efficiently than the expected or standard rate, which can disrupt agreed-upon wage scales or norms.