A/An _____ is nonbinding on either the buyer 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

A national buying agreement is a nonbinding agreement that provides discounts based on the corporation's total volume, not individual subunits. It is typically used by large corporations with multiple subunits in different locations. The other options do not accurately describe this type of agreement.

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