Contract incentives are often used when the buyer wants to maximize some aspect of performance.

Name: Contract incentives are often used when the buyer wants to maximize some aspect of performance.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Contract incentives are designed to motivate and incentivize the seller to achieve certain performance objectives. The buyer can use contract incentives to encourage the seller to maximize a specific aspect of performance, such as quality, cost savings, or delivery time.

Contract Incentives Are Often Used When the Buyer Wants to Maximize