Which One of the Following Statements Is TRUE

question 29

Multiple Choice

Which one of the following statements is TRUE?

• A) A buying firm should always adopt a competitive orientation for a standard item with high demand.
• B) Single sourcing is always desirable for high demand items.
• C) Long-term contracts are consistent with a cooperative orientation to supplier relationships.
• D) The buyer always wins in a competitive orientation to supplier relationships.

---

Definitions:

Interpret

To explain the meaning of information or data, often by drawing inferences or conclusions.

Financial Planning

The process of creating strategies for managing a person's or organization's financial affairs to meet life goals.

Contingency Plans

Strategies developed by businesses or governments to help them respond to unexpected events or emergencies.

Investment Options

Various financial instruments or vehicles in which individuals or entities can place capital in expectation of future financial returns.