In the Sourcing/purchasing Design Matrix, There Are Three Variables: Contract

question 71

Multiple Choice

In the sourcing/purchasing design matrix, there are three variables: contract duration, transaction costs, and specificity. Assume levels as short, medium and long for contract duration and for the rest, low, medium, and high. Vendor managed inventory belongs to

• A) long contract duration, high transaction costs and low specificity.
• B) short contract duration, high transaction costs and low specificity.
• C) long contract duration, low transaction costs and low specificity.
• D) long contract duration, high transaction costs and high specificity.
• E) long contract duration, low transaction costs and high specificity.

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Definitions:

Group Dynamics

The study of the behaviors, interactions, and psychological processes that occur within and influence the actions of a group.

Therapy

A treatment intended to relieve or heal a disorder, often involving psychological techniques.

Storming

Describes a stage in group development where members express conflicting opinions, challenge group goals, and resist control by group leaders, often leading to tension.

Group Development

The phases that a group goes through from formation to termination, typically including forming, storming, norming, performing, and adjourning stages.