Examlex
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Reciprocity
A social norm of responding to a positive action with another positive action, fostering mutual goodwill in transactions.
Free Market
An economic system where prices for goods and services are determined by the open market and consumers, wherein the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.
Buying Function
The process within a company or organization responsible for purchasing goods, services, or materials, often for resale or operational use.
Procurement Sources
Suppliers or vendors from which businesses obtain goods and services needed for their operations.
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