Many Supplier Relationships Used to Be Based on A(n) ____________________

question 98

Short Answer

Many supplier relationships used to be based on a(n) ____________________ approach, in which an organization spread purchases among many suppliers and encourages them to compete with one another.

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Definitions:

Financial Wellbeing

The state of being financially healthy, where one has control over finances, the ability to absorb a financial shock, and the freedom to make choices that allow enjoyment of life.

Physical Attractiveness

The degree to which a person's physical traits are considered aesthetically pleasing or beautiful by others.

Similarity

The extent to which two things are alike or share common characteristics.

Contact

The act or state of physical touching or being in close proximity, or the initiation of communication between individuals.