When a Manufacturer Refuses to Pay to a Long-Standing Supplier

question 69

Multiple Choice

When a manufacturer refuses to pay to a long-standing supplier presently giving nonconforming goods,the resultant dispute is known as:

• A)business to business conflict.
• B)manufacturer to supplier conflict.
• C)individual to individual conflict.
• D)manufacturer driven conflict.
• E)supplier driven conflict.

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Definitions:

Demand Elastic

Refers to the degree to which demand for a good or service varies with its price. High elasticity indicates demand changes significantly with price changes, while low elasticity indicates little to no change.

Mark-Up Percentage

The percentage added to the cost price of goods to cover overhead and profit.

Total Variable Cost

The aggregate of all variable costs that are incurred for a particular level of output or production.

Total Annual Fixed Costs

The sum of all business expenses that are constant and do not change with the level of production within the year.