Pyro Electronics is the only supplier of Torin auto headlamps and both companies wanted to do more business together.Pyro Electronics worked on its total quality management system and acquired more business,while Torin developed a just-in-time inventory management system to deliver goods timely to Pyro Electronics.Pyro Electronics and Torin have developed a _____.
A) relational partnership
B) market exchange alliance
C) strategic partnership
D) functional relationship
E) hierarchical relationship

Question

Quizplus · Accepted Answer

The description suggests that Pyro Electronics and Torin have developed a strategic partnership, in which they are working together to improve their respective systems and increase their business. A relational partnership implies a more long-term and personal association, while a market exchange alliance suggests a transactional relationship. A functional relationship and hierarchical relationship are not applicable in this context.

Pyro Electronics Is the Only Supplier of Torin Auto Headlamps