Value Central Gives Certain Suppliers Access to Its Sophisticated and Detailed

question 52

Multiple Choice

Value Central gives certain suppliers 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

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Definitions:

Certainty Bias

The tendency for individuals to favor information or options that appear more certain or less ambiguous.

Temporal Discounting

The tendency to value immediate rewards more highly than future rewards, leading to decisions that favor short-term gains over long-term benefits.

Omission Bias

The tendency to favor inaction over action, based on the assumption that harm caused by doing nothing is less morally reprehensible than harm caused by acting.

Reactance

A psychological reaction that occurs when an individual feels their freedom to choose is being restricted, leading them to resist or do the opposite of what is being imposed.