A Company Has Reached the End of a Contractual Agreement

question 45

Multiple Choice

A company has reached the end of a contractual agreement with a vendor and wants to open it up for bid again before signing a new contract. This type of purchase situation is a:

• A)straight rebuy.
• B)modified rebuy.
• C)new task purchase.
• D)joint demand purchase.

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Definitions:

Clustering

The process of grouping a set of objects in such a way that objects in the same group are more similar to each other than to those in other groups.

Freewriting

A writing strategy where a person writes continuously for a set period of time without regard for spelling, grammar, or topic, to generate ideas or overcome writer's block.

Grammar

The set of structural rules governing the composition of clauses, phrases, and words in a natural language.

Brainstorming

An approach meant to elicit numerous ideas through group collaboration to tackle a problem.