When an Organisation Engages a Repair and Maintenance Company to Provide

question 18

Multiple Choice

When an organisation engages a repair and maintenance company to provide services for a fixed period of time and at an agreed price, this is known as:

• A) blanket contracting.
• B) periodic orders.
• C) strategic alliance.
• D) vendor managed partnership.
• E) carpet contracting.

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Definitions:

Demand

The quantity of a product or service consumers are willing and able to purchase at various prices.

Tax Revenue

The income that is gained by governments through taxation.

Government

A system or group of people governing an organized community, often a state.

Product

A good, idea, method, information, object, or service created as a result of a process and serves a need or satisfies a want.