In General,_____ Status Means the Vendor Is Assured of a Large

question 73

Multiple Choice

In general,_____ status means the vendor is assured of a large percentage of the buyer's business and will get the first opportunity to earn new business.

• A) reseller
• B) retailer
• C) service provider
• D) preferred-supplier
• E) relationship manager

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Definitions:

Summary Jury Trial

A shortened trial that serves as an alternative dispute resolution method, involving a jury which listens to a summary of the case and renders an advisory verdict.

Submission Agreement

A contract which provides that a specific dispute will be resolved in arbitration.

ADR Techniques

Alternative Dispute Resolution methods, including mediation, arbitration, and negotiation, used to resolve conflicts outside the traditional court system.

Conciliation

A process in which a neutral third party assists disputing parties to reach a mutually agreeable solution.