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

Question

Quizplus · Accepted Answer

The term "supply partnership" accurately describes the situation described in the question, where a buyer and supplier work together to reduce costs or increase the value of products and services for the customer. The other answer choices either do not accurately describe the situation or are too narrow in scope.

A __________ Exists When a Buyer and Its Supplier Adopt