A ________ consists of independent firms at different levels of production and distribution who join together through formal agreements to obtain more economies or sales impact than each could achieve alone.
A) corporate VMS
B) contingency VMS
C) contractual VMS
D) communal VMS
E) conventional VMS

Question

Quizplus · Accepted Answer

The description provided refers to a contractual VMS in which independent firms join together through formal agreements to achieve more economies and sales impact than they could alone. A corporate VMS involves a single corporation owning and controlling multiple levels of production and distribution, a contingency VMS is a temporary collaboration of firms to address a specific opportunity or challenge, a communal VMS involves a group of companies with shared ownership and control over production and distribution, and a conventional VMS involves independent firms at different levels working together on an informal basis.

A ________ Consists of Independent Firms at Different Levels of Production