The Process of Reducing the Number of Suppliers for a Single

question 63

Short Answer

The process of reducing the number of suppliers for a single part to a single supplier is known as ________.

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Definitions:

Purchaser

An individual or entity that buys goods or services from a seller.

Payments

The act of giving money in exchange for goods, services, or to fulfil a legal obligation.

Chattel Mortgages

A loan agreement where personal movable property (chattel) is used as security for the loan, allowing the lender to take possession if the borrower defaults.

Debt Transactions

Financial operations involving the borrowing and lending of funds, where repayment is required, often with interest.