A Relationship That Exists When a Buyer and Its Supplier

question 129

Multiple Choice

A relationship that exists when a buyer and its supplier adopt mutually beneficial objectives, policies, and procedures for the purpose of lowering the cost or increasing the value of products and services delivered to the ultimate consumer is referred to as a

• A)supply partnership.
• B)supplier development agreement.
• C)reciprocal arrangement.
• D)shareholder relationship.
• E)strategic alliance.