If a firm wishes to bridge the gap between being fully integrated ("make")and transacting in the marketplace ("buy"),it can enter into a(n)______________,which is a contractual arrangement to obtain inputs for a time period of generally a year or less.
A) Short-term contract
B) Joint venture
C) Equity alliance
D) Licensing agreement

Question

Quizplus · Accepted Answer

Short-term contracts are contractual arrangements made by the firm to obtain inputs from a supplier for a time period of generally a year or less.

If a Firm Wishes to Bridge the Gap Between Being