The perspective of business organizations in viewing suppliers as partners is characterized by:
I.price based competitive bidding.
II.reliance on fewer suppliers.
III.long-term contracts.

Question

Quizplus · Accepted Answer

Business organizations view suppliers as partners when they rely on fewer suppliers and establish long-term contracts rather than engaging in price-based competitive bidding. This allows for a more collaborative relationship and mutual benefit, where both parties can work together to improve product quality and reduce costs. However, the selection of suppliers may still involve a competitive bidding process, but it should focus on identifying the best long-term partners rather than simply seeking the lowest price.

The Perspective of Business Organizations in Viewing Suppliers as Partners