A Contract That Allows the Buyer to Modify the Order

question 41

Multiple Choice

A contract that allows the buyer to modify the order (within limits agreed to by the supplier) as demand visibility increases closer to the point of sale is a

• A)buyback or returns contract.
• B)revenue-sharing contract.
• C)quantity flexibility contract.
• D)quantity discount contract.

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Definitions:

Stable/Unstable

Pertains to the degree of constancy or variability in a system's state; stable implies little or no change, whereas unstable indicates high likelihood of change.

Global/Specific

This term contrasts between broad, overarching concepts (global) and distinct, precise elements (specific).

External Attributions

The process of attributing the cause of one's own or others' behavior to external factors, circumstances, or situations outside one's control.

Control

The ability to sway or guide the actions of individuals or the direction of happenings.