A Contract Where the Buyer Pays a Minimal Amount for Each

question 71

Multiple Choice

A contract where the buyer pays a minimal amount for each unit purchased from the supplier but shares a fraction of the revenue for each unit sold is a

• A)buyback or returns contract.
• B)revenue-sharing contract.
• C)quantity flexibility contract.
• D)quantity discount contract.

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Definitions:

Organisation

An entity comprising multiple people, such as a corporation or government, structured to achieve a collective goal or set of objectives.

Manager

An individual responsible for controlling or administering an organization or group of staff, making decisions on planning, organizing, leading, and controlling.

Management Functions

The basic roles that managers perform in an organization, traditionally classified as planning, organizing, leading, and controlling.

Managerial Roles

Specific categories of managerial behavior including interpersonal, informational, and decisional roles.