Which One of the Following Statements Is TRUE

question 147

Multiple Choice

Which one of the following statements is TRUE?

• A) Single sourcing is always desirable for high demand items.
• B) A buying firm should always adopt a competitive orientation for a standard item with high demand.
• 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:

Upward Pressure

Describes a situation in financial markets or economies where there is a force or trend leading to an increase in prices or rates.

Demand Curve

A graph representing the relationship between the quantity of a good that consumers are willing and able to purchase and its price.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that suppliers are willing to produce and sell.

Nike

A global corporation specializing in the design, development, and worldwide marketing of footwear, apparel, equipment, and accessory products.