________ Is an Agreement Where a Buyer Chooses Only One

question 58

Multiple Choice

________ is an agreement where a buyer chooses only one or a few suppliers for its raw materials.

• A) Just-in-time supply
• B) Sole-sourcing
• C) Singular-supply
• D) Lone-sourcing

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Definitions:

Knowledge-based View

is a perspective in strategic management that considers knowledge as the most strategically significant resource of a firm, focusing on the creation, integration, and management of intellectual capital.

Aristotle

An ancient Greek philosopher and scientist whose works were foundational to Western philosophy and science.

ACT Theory

A cognitive theory, short for Adaptive Control of Thought, which explains how the mind organizes knowledge and produces intelligent behavior.

Memory Stores

Components of the memory system responsible for retaining information over short-term, long-term, and intermediate durations.