A Practice in Which Two Businesses Agree to Buy from Each

question 141

Multiple Choice

A practice in which two businesses agree to buy from each other is

• A) a new task purchase.
• B) a straight rebuy.
• C) a modified rebuy.
• D) reciprocity.
• E) a straight purchase.

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Definitions:

Disruptive Innovation

An innovation that significantly alters the way that consumers, industries, or businesses operate, often displacing established market-leading firms and products.

Frugal Innovation

The process of reducing the complexity and cost of a good and its production, usually to make it accessible to a larger part of the population.

Cognitive Systems

Advanced computer systems or software models that mimic human thought processes, capable of learning, reasoning, and problem-solving to assist in decision-making.

Supply Chain Analytics

The use of data analysis tools and techniques to improve decision-making processes and efficiency within the supply chain, from procurement to delivery.