Which of the following provisions require a firm to buy all of a particular item from a single firm?
A) tying arrangement
B) requirements contracts
C) exclusive dealing
D) territorial confinement
E) quantity discrimination

Question

Quizplus · Accepted Answer

A requirements contract is an agreement in which a buyer agrees to purchase all of a specific product or service from a single supplier. This means that the buyer is obligated to purchase from the supplier, regardless of the supplier's competitors. Therefore, a requirements contract is the provision that requires a firm to buy all of a particular item from a single firm.

Which of the Following Provisions Require a Firm to Buy