Apple,IncCustom Orders the Manufacture of Microprocessors for Its IMac,iPhone,and IPad

question 23

Multiple Choice

Apple,Inc.custom orders the manufacture of microprocessors for its iMac,iPhone,and iPad.For example,Intel makes chips for the iMac and Samsung produces Apple-designed chips for the iPhone and iPad.These two suppliers in turn rely on components from their own subcontracted suppliers.The suppliers involved in making and delivering microprocessors have adopted mutually beneficial objectives and strategies that ultimately give Apple's customers value for their money.Apple's method of doing business this way is an example of a(n)

• A)symbiotic partnership.
• B)make-buy decision.
• C)reciprocal agreement.
• D)supply partnership.
• E)exclusive dealing.

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Definitions:

Perfect Tender Rule

A principle in sales law that allows a buyer to reject goods if they do not conform exactly to the terms of the contract, regardless of the significance of the nonconformity.

Substantial Impairment

A significant reduction or weakening in capacity, value, or function.

Berry Size

A classification or measurement used in agriculture to denote the physical dimensions of berries.

Good Faith

The concept of entering into an agreement or contract with honest intentions, without intention to defraud or seek an unfair advantage.