Professional relationship in contracting for,purchasing and receiving goods and services represent the claim of which of these stakeholders vis-à-vis the firm?

Question

Quizplus · Accepted Answer

Professional relationships in contracting for, purchasing, and receiving goods and services represent the claim of suppliers vis-à-vis the firm. Suppliers provide the goods and/or services to the firm and expect to be paid for them, establishing a professional relationship between the two parties. Local communities, customers, and creditors may also have claims to the firm, but they are not specifically addressed in the context of contracting for, purchasing, and receiving goods and services.

Professional Relationship in Contracting For,purchasing and Receiving Goods and Services