When do buyers and sellers often set purchase terms using negotiated contracts?
A) when there are a multitude of suppliers
B) when only one available supplier exists
C) when research and development work is not necessary
D) when purchases exceed $5,000

Question

Quizplus · Accepted Answer

Negotiated contracts are often used when there is only one available supplier, as this situation typically requires negotiation to determine the terms of purchase due to the lack of competitive options.

When Do Buyers and Sellers Often Set Purchase Terms Using