Which of the following is (are)advantage(s)of full partnerships with suppliers,as compared to traditional adversarial relationships? I.They help reduce uncertainties for both buyer and supplier.
II.The full partnership is easier to establish and maintain than other relationships,so more suppliers can be dealt with.
III.The full partnership assures the lowest material price.
A)I only
B)II only
C)III only
D)I and II only
E)II and III only

Question

Quizplus · Accepted Answer

Full partnerships with suppliers help reduce uncertainties for both buyer and supplier by fostering a collaborative relationship focused on long-term benefits rather than short-term gains. This contrasts with adversarial relationships, which often focus on price negotiations at the expense of stability and trust. Full partnerships are not necessarily easier to establish and maintain, as they require significant effort and commitment from both parties. Additionally, while they can lead to cost savings, they do not guarantee the lowest material price, as their focus is on overall value rather than just price.

Which of the Following Is (Are)advantage(s)of Full Partnerships with Suppliers,as