When Manufacturers Create Sales Branches and Offices That Perform the Wholesale

question 13

Multiple Choice

When manufacturers create sales branches and offices that perform the wholesale function,they are creating a(n) ______________ VMS system.

• A) corporate
• B) contractual
• C) administrative
• D) arm's length

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Definitions:

Multiple Sourcing

A procurement strategy where a company uses several suppliers for a certain component or product to reduce dependency on a single source.

Request for Proposal (RFP)

A document issued by a company asking for detailed proposals from potential suppliers or contractors for a specific project or service.

Specifications

Detailed descriptions of the requirements, characteristics, or performance standards of a product, service, or material.

Request for Quotation (RFQ)

A formal solicitation process where suppliers are asked to provide bid proposals on specified goods or services, including price and delivery details.