A traditional buyer-seller relationship is defined as "a long-term relationship between an owner and a contractor in which the contractor acts as a part of the owner's organization for certain functions."

Question

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A traditional buyer-seller relationship is defined as a contractual relationship between a buyer and a seller where goods or services are exchanged for consideration, rather than a long-term relationship between an owner and a contractor where the contractor acts as part of the owner's organization.

A Traditional Buyer-Seller Relationship Is Defined as "A Long-Term Relationship