Which of the Following Is NOT a Category in Classifying

question 46

Multiple Choice

Which of the following is NOT a category in classifying buyer-supplier relationships?

• A)transactional
• B)strategic alliance
• C)conglomerate
• D)collaborative

---

Definitions:

Market Prices

Refers to the specific values at which commodities, securities, or services are traded in a competitive marketplace.

Shortages

Occur when the demand for a good or service exceeds its supply in a given market, often leading to price increases.

Allocative Efficiency

Occurs when resources are distributed in a way that maximizes the net benefit to society.

Least Costly Way

Refers to a method or strategy that aims to achieve a particular goal or produce a specific outcome with the minimum possible expense or use of resources.