What Is a Benefit of Building Long-Term,beneficial Relations with a Vendor

question 38

Multiple Choice

What is a benefit of building long-term,beneficial relations with a vendor?

• A)Strong relations mean better profits for shareholders.
• B)It is easier to return to a solid relationship with a vendor when private labels fail.
• C)A retailer could receive popular merchandise in short supply.
• D)Vendors supply complementary merchandise to their most profitable supporters.
• E)Vendors determine which retailers will receive the better prices.

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Definitions:

Family Business

A commercial organization in which decision-making is influenced by multiple generations of a family who are often tied by blood or marriage.

Stringent Criteria

Strict or precise conditions that must be met or complied with.

Performance Reviews

Regular evaluations of an employee's work performance, usually conducted by their supervisor, to discuss achievements and areas for improvement.

Entry-level Positions

Jobs designed for individuals with little to no professional experience, typically requiring minimal qualifications.