Pyro Electronics was the only supplier of Torin Auto,and both companies wanted to do more business together.Pyro Electronics worked on its total quality management system and acquired more business,while Torin developed a just-in-time inventory management system to deliver goods timely to Pyro Electronics.Pyro Electronics and Torin have developed a _____.
A) relational partnership
B) market exchange alliance
C) strategic partnership
D) functional relationship
E) hierarchical relationship

Question

Quizplus · Accepted Answer

Pyro Electronics and Torin have developed a strategic partnership, as both companies are working together to improve their systems and increase business. This indicates a deeper commitment and collaboration than a simple market exchange alliance or functional relationship. Additionally, the development of a just-in-time inventory management system is a strategic move that indicates a long-term focus on improving the supply chain between the two companies.

Pyro Electronics Was the Only Supplier of Torin Auto,and Both