A(n)________________ Creates a Powerful Competitive Advantage in the Marketplace Due

question 28

Multiple Choice

A(n) ________________ creates a powerful competitive advantage in the marketplace due to cost and process efficiencies realized when a channel is strictly controlled by one entity.

• A)Insourcing arrangement
• B)Vertical marketing system (VMS)
• C)Corporate VMS
• D)Contractual VMS
• E)Administered VMS

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Definitions:

Accord

An agreement in contract law where one party agrees to accept something different (often less) than what was initially agreed upon as satisfactory performance.

Satisfaction

The fulfilment of a requirement, obligation, or the to fulfillment of a condition stipulated in a contract.

Deviated Specifications

Instances where the actual specifications of a product or service differ from the initially agreed or standard specifications.

Contract Price

Contract price is the total financial cost agreed upon by all parties for the execution of the terms of a contract.