Value Central Has a Partnership of High Trust and Commitment

question 21

Multiple Choice

Value Central has a partnership of high trust and commitment with certain suppliers and gives them access to its sophisticated and detailed daily, individual store-based sales data. In exchange, those suppliers are responsible for managing Value Central's inventory of their products. This relationship is best described as ________.

• A) basic buying and selling
• B) contractual transaction
• C) collaborative
• D) customer supply
• E) customer is king

---

Definitions:

Margin of Error

A measure that indicates the range of values within which the true population parameter is expected to fall.

Sample Size

The number of observations or data points collected for a study or experiment.

Sacagawea

A Lemhi Shoshone woman who, as a teenager, helped guide and interpret for the Lewis and Clark Expedition.

Louis

Refers to several monarchs of France, the most notable being Louis XIV, known as the Sun King, who ruled for 72 years.