Pyro Electronics Was the Only Supplier of Torin Auto,and Both

question 26

Multiple Choice

Pyro Electronics was the only supplier of Torin Auto,and both companies wanted to do more business together.Pyro Electronics worked on its total quality management system and acquired more business,while Torin developed a just-in-time inventory management system to deliver goods timely to Pyro Electronics.Pyro Electronics and Torin have developed a _____.

• A) relational partnership
• B) market exchange alliance
• C) strategic partnership
• D) functional relationship
• E) hierarchical relationship

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Definitions:

Sensitivity Analysis

Sensitivity Analysis is a financial modeling technique that examines how different values of an independent variable affect a particular dependent variable under a given set of assumptions.

Scenario Analysis

A technique used in finance to evaluate possible future events by considering alternative possible outcomes (scenarios).

Option to Expand

A strategic investment option that gives a business the flexibility to increase its operations or output at a later date.

Golf Course

A large area of land designed for the game of golf, featuring a series of holes with various configurations and hazards.