Hot Rods,Inc.is an automobile manufacturing company that obtains its automotive parts from the same supplier.The price,quantity,and other terms of purchase remain the same each time the company buys from the supplier.This situation can be termed as a _____.

Question

Quizplus · Accepted Answer

This situation can be termed as a straight rebuy, where the company procures the same products from the same supplier with the same terms and conditions as before without any significant change in the procurement process.