The relationship between a buyer and its supplier chosen solely on the basis that the supplier had the lowest bid can be described as a
A)transactional relationship.
B)complementary relationship.
C)synergistic relationship.
D)none of the above.

Question

Quizplus · Accepted Answer

A transactional relationship is a short-term, one-time exchange between a buyer and supplier based solely on price. It is a type of relationship where there is no ongoing commitment or mutual benefit, and the supplier is simply viewed as a source of goods or services at the lowest possible cost. This type of relationship is often characterized by a lack of collaboration, communication, and trust between the buyer and supplier.

The Relationship Between a Buyer and Its Supplier Chosen Solely