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Define general controls.
Supplier Relationship
The interaction and management of connections between a company and the businesses that supply the materials or services it uses in its operations.
Verbal Understandings
Agreements or terms reached through spoken communication, which may not be formally documented in writing.
Existing Business
A company or enterprise that has been operational for some time, as opposed to a newly established entity.
Past Business Contracts
Previous agreements or legal obligations between parties in a business context.
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