A ________ creates a long-term relationship in which the supplier promises to resupply the buyer as needed at agreed prices for a set time period.
A) blanket contract
B) request for proposal
C) supplier proposal
D) change order
E) noncompete clause

Question

Quizplus · Accepted Answer

A blanket contract is designed to establish long-term relationships between a supplier and a buyer, with the supplier promising to resupply the buyer as needed at agreed prices for a set time period. It is ideal for companies that depend on a steady stream of goods or services from a single supplier.

A ________ Creates a Long-Term Relationship in Which the Supplier