Existence of Reciprocal Arrangements,long-Term Contracts,and in Some Cases,buyer-Seller Relationships That

question 11

Multiple Choice

existence of reciprocal arrangements,long-term contracts,and in some cases,buyer-seller relationships that evolve into supply partnerships,are all examples of

• A) illegal activities that are a common weakness of organizational buying.
• B) illegal activities that result from collusion between buyers and sellers.
• C) activities that are strictly governed by the NAICS.
• D) activities that can result from relationships between buyers and sellers in organizational buying.
• E) activities that result from extreme competition between manufacturers when there are too few sellers.

---

Definitions:

Price Floor

A government- or authority-imposed minimum price below which a certain product cannot be sold, typically above the equilibrium price to ensure producers receive a minimum income.

Government

The organizational structure through which a society makes and enforces its public policies and exercises authority over its citizens.

Pencils

Writing or drawing instruments with a thin core of graphite or a similar substance encased in a protective casing.

Nonprice Rationing

Allocating goods or services using means other than prices, such as waiting times or ration coupons, often used when there is a shortage or when market prices are not effective.