Buyers and sellers often set purchase terms using negotiated contracts when:
A)only one supplier offers the desired product.
B)there are multiple interested parties.
C)research and development work is not necessary.
D)purchases exceed $5,000.

Question

Quizplus · Accepted Answer

Negotiated contracts are often used when only one supplier offers the desired product, as it requires specific terms to be agreed upon due to the lack of alternatives.

Buyers and Sellers Often Set Purchase Terms Using Negotiated Contracts