A supply partnership exists when a buyer and its supplier adopt mutually beneficial objectives, policies, and procedures for the purpose of
A) putting competitors of both buyers and sellers out of business.
B) lowering costs and increasing profits for the supplier.
C) lowering costs or increasing value of products or services to the ultimate consumer.
D) creating a single channel of distribution.
E) creating an exclusionary relationship from all other buyers and sellers.

Question

Quizplus · Accepted Answer

A supply partnership focuses on collaboration to enhance efficiency and value, ultimately benefiting the end consumer by lowering costs or increasing the value of products or services.

A Supply Partnership Exists When a Buyer and Its Supplier