When buyers cannot easily monitor supplier performance,the supplier might shirk or cheat and not deliver the expected value.________ is "some form of cheating or undersupply relative to an implicit or explicit contract."
A) Institutional sale
B) Opportunism
C) Business buying
D) Vertical integration
E) Contractual transactionism

Question

Quizplus · Accepted Answer

The described behavior of a supplier is an example of opportunism, which is defined as "some form of cheating or undersupply relative to an implicit or explicit contract."

When Buyers Cannot Easily Monitor Supplier Performance,the Supplier Might Shirk