The Existence of Reciprocal Arrangements,the Long-Term Contracts,and the Buyer-Seller Relationships

question 100

Multiple Choice

The existence of reciprocal arrangements,the long-term contracts,and the buyer-seller relationships that can evolve into supply partnerships,are all examples of

• A)illegal activities that are a common weakness of organizational buying.
• B)illegal activities that result from collusion between buyers and sellers.
• C)activities that are strictly governed by the NAICS.
• D)the nature of relationships between buyers and sellers in organizational buying.
• E)activities that result from extreme competition between manufacturers when there are too few suppliers.

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Definitions:

Total Asset Turnover

A financial ratio that measures a company's ability to generate sales from its assets by comparing sales to total assets.

Average Sale Period

The time it takes to convert your inventory into sales, usually expressed in days.

Average Sale Period

The average sale period is the average time taken to convert inventory into sales, often used to assess the efficiency of a business's inventory management.

Average Collection Period

The average time it takes for a company to receive payments owed by its customers, indicating the effectiveness of its credit and collection policies.