A/An _____ is nonbinding on either the purchaser or the supplier and typically provides discounts to corporate buyers based on total volume for the corporation as a whole, not for any subunits individually.
A)annual contract
B)pricing agreement
C)corporate agreement
D)escape clause
E)national buying agreement

Question

Quizplus · Accepted Answer

The description of a nonbinding agreement that provides discounts based on volume for the corporation as a whole is consistent with a national buying agreement, which typically covers multiple locations or entities within a corporation. An annual contract is a binding agreement for a set period of time, while a pricing agreement may or may not be binding and typically covers specific products or services. A corporate agreement is a broad term that could refer to various types of agreements between companies. An escape clause is a provision that allows a party to terminate an agreement under certain conditions.

A/An _____ Is Nonbinding on Either the Purchaser or the Supplier