A Sourcing Strategy in Which Two Suppliers Are Used for the Same

question 89

Multiple Choice

A sourcing strategy in which two suppliers are used for the same purchased product or service is:

• A)cross sourcing.
• B)dual sourcing.
• C)contingency sourcing.
• D)multisourcing.

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Definitions:

Oral Agreement

A contract or agreement made through spoken words rather than in written form which can be legally binding in certain circumstances.

Part Performance

A legal principle that allows an incomplete contract to be enforced if one party has taken significant actions based on the agreement, demonstrating the existence of the contract.

Oral Promise

An agreement made verbally that may or may not be legally binding, depending on the context and content.

Modification

The process of making changes or alterations to something, such as a contract or plan, to correct or improve it.