In general _____ status means the supplier is assured a large percentage of the buyer's business and will get the opportunity to earn new business.

Question

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Preferred supplier status is typically given to suppliers who have consistently provided good quality products or services and have a good track record of on-time delivery, competitive pricing, and excellent customer service. It indicates that the supplier is favored by the buyer and will receive preferential treatment in terms of business opportunities and negotiations. This can include receiving advance notice of upcoming projects or being given exclusivity for certain products or services.

In General _____ Status Means the Supplier Is Assured a Large