In a(n)________ contract,one party consents to sell to a second party all of the goods that party makes in a given period of time.

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Quizplus · Accepted Answer

An output contract is one in which a seller agrees to sell all of the goods they produce within a certain time frame to a buyer. This type of contract is common in industries where production levels vary and the buyer needs a guaranteed supply of the goods. A requirements contract, on the other hand, is one in which a buyer agrees to purchase all of their needed goods from a specific seller. Cost-plus and current market price contracts are pricing mechanisms rather than types of contracts.

In A(n)________ Contract,one Party Consents to Sell to a Second