As the Total Dollar Value/unit Cost of the Contract Decreases,purchasers

question 1

True/False

As the total dollar value/unit cost of the contract decreases,purchasers must spend less effort creating effective pricing mechanisms.

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Definitions:

Enforceable Contract

A legally binding agreement that can be upheld in court and compels parties to fulfill their contractual obligations.

Output Contract

A legal agreement in which a buyer agrees to purchase all of a producer's production.

Entire Output

The entire output contract is a commercial agreement in which a buyer agrees to purchase all of a seller's production of a specific good or service.

Intent Of The Parties

The actual and mutual intention of all parties involved in a contract or agreement, determined from their actions and words.