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 is termed as a "straight rebuy" because it involves the routine reordering of goods or services from the same supplier under the same terms, which is common in established business-to-business (B2B) relationships.