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Supply Partnership Refers to

Question 87

Multiple Choice

Supply partnership refers to


A) an agreement between a manufacturer and a supplier that precludes the purchase of any similar products to other manufacturers.
B) an agreement between a supplier and a manufacturer that precludes the purchase of any similar products from other suppliers.
C) a manufacturing firm that actually holds title to the raw materials (mines) or processing plants (smelting plants) although the actual operation of that facility is independent of the firm.
D) a relationship that exists when a buyer and its supplier adopt mutually beneficial objectives, policies, and procedures for the purpose of lowering the cost of and/or increasing the value of goods and services delivered to the ultimate customer.
E) an illegal partnership amongst suppliers to control prices that are charged to their customers-a form of price fixing and manipulation.

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