As a Result of the Increased Interdependence Between Buyers and Sellers

question 19

Multiple Choice

As a result of the increased interdependence between buyers and sellers and their mutual desire to reduce risk of the unknown, _____.

• A) the emphasis on developing short-term buyer-seller relationships has increased
• B) buyers are competing to win benefits at the expense of each other
• C) the number of buyers demanding personalized dialogue from sellers is declining
• D) buyers have higher levels of service expectations from sellers
• E) buyers and sellers are discarding supply chain management

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Definitions:

Reasonable Amount

A quantity or level of something that is considered fair, appropriate, and within legal or prudent limits under the circumstances.

Unilateral Contract

A contract type where only one party makes a promise in exchange for an act by the other party.

Subject Matter Illegal

Pertaining to contracts or agreements where the subject or purpose violates the law or public policy and is therefore unenforceable.

Valid Acceptance

Occurs when an offeree unequivocally agrees to the terms of an offer, thus forming a contract with clear and mutual terms.