If General Motors (GM) agrees to purchases Borg-Warner transmissions, and Borg-Warner agrees to buy trucks and cars from GM, they would be demonstrating which type of buyer-seller interaction?
A) exclusive dealing
B) supply partnerships
C) tying arrangements
D) noncompetitive bidding
E) reciprocity

Question

Quizplus · Accepted Answer

Reciprocity refers to a mutual exchange of goods or services, where two parties agree to purchase from each other, as described in the scenario.

If General Motors (GM) Agrees to Purchases Borg-Warner Transmissions, and Borg-Warner