A Relationship with a Supplier That Is Characterized by High

question 9

Multiple Choice

A relationship with a supplier that is characterized by high levels of distrust,little communication,and short-term transactions is called a(n) :

• A)Adversarial relationship.
• B)Arm's-length relationship.
• C)Acceptance of mutual goals.
• D)Full partnership.

---

Definitions:

Tax

A mandatory financial charge or other type of levy imposed by a government on individuals or businesses to fund public expenditures and services.

Incentive

A factor, either monetary or non-monetary, that motivates or encourages an individual or group to perform certain actions or behave in a specific way.

Trade

The exchange of goods and services between different parties, often involving the transfer of money and can occur within or across borders.

Market Failure

Refers to a situation where the allocation of goods and services by a free market is not efficient, often justifying government intervention.