Supply Base Optimization Usually Refers to Increasing the Number of Suppliers

question 24

True/False

Supply base optimization usually refers to increasing the number of suppliers used.

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Definitions:

Consideration

The benefit or value that must be exchanged between parties to form a valid contract.

Common Law

A legal system based on precedent and court decisions rather than written laws or statutes.

Statute Law

Law enacted by a legislative body, such as a parliament or congress, officially documented and codified.

Gratuitous Promise

A promise made without expecting anything in return, often not legally binding unless certain formalities are met.