A _____ is defined as a purchase that is made on a nonrecurring or limited basis with little or no intention of developing an ongoing relationship with the supplier.
A)purchasing alliance
B)long-term contract
C)short-term contract
D)spot contract
E)JIT contract

Question

Quizplus · Accepted Answer

A spot contract, also known as a one-time purchase or a spot buy, is a purchase made on a nonrecurring basis with little or no intention of developing an ongoing relationship with the supplier. It is typically used for one-time or urgent needs, and the buyer may choose from a variety of suppliers to fulfill the order.

A _____ Is Defined as a Purchase That Is Made