Which One of the Following Statements Is TRUE About a Competitive

question 2

Multiple Choice

Which one of the following statements is TRUE about a competitive orientation in supplier relationships?

• A) The supplier gains repeatability and can move toward a line flow process.
• B) It tends to emphasize short- term advantages over long- term commitments.
• C) The supplier is obliged to offer the lowest possible price every time.
• D) The supplier is obliged to deliver the material in the shortest possible time, every time.

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Definitions:

Invoice Terms

Conditions specified on an invoice, including payment deadlines, cash discount opportunities, and penalties for late payment.

Invoice

An itemized bill showing the list of goods sold or services provided, their prices, and the total amount to be paid.

Credited

To add a sum of money to an account, or to acknowledge someone's contribution to something.

Payment

The transfer of money from one party to another in exchange for goods, services, or to fulfill a legal obligation.