Relationship That Exists When a Buyer and Its Supplier Adopt

question 235

Multiple Choice

relationship that exists when a buyer and its supplier adopt mutually beneficial objectives,policies,and procedures for the purpose of lowering the cost or increasing the value of products and services delivered to the ultimate customer is referred to as a __________.

• A) supply partnership
• B) supplier development agreement
• C) reciprocal arrangement
• D) shareholder relationship
• E) strategic alliance

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Definitions:

Parallel Play

A developmental stage in early childhood where children play next to each other without interacting.

Intellectual Development

The process of developing cognitive abilities, including thinking, problem-solving, and decision-making skills.

Socialization

The process by which individuals learn and adopt the norms, values, and behaviors appropriate to their society or social group.

Sensorimotor Activity

The phase in early child development where learning occurs through sensory experiences and motor activities.