The Term ____________ Has Been Widely Used to Describe Repeated

question 16

Multiple Choice

The term ____________ has been widely used to describe repeated transactions that form a relationship between the buyer and the supplier.

• A)relational services
• B)relationship renewal
• C)relationship justification
• D)relationship management
• E)relationship marketing

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Definitions:

Fully Flexible Network

A supply chain network designed to quickly adapt to changes in demand, supply, or external conditions without significant costs or disruptions.

Dedicated Network

A communication or transportation network reserved for specific users or purposes, ensuring a higher level of service, capacity, or security.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost, indicating profitability.