Long-term contracts can help the buyer to gain exclusive access to proprietary supplier technology.

Question

Quizplus · Accepted Answer

Long-term contracts can provide incentives for suppliers to share their proprietary technology and offer exclusive access to the buyer in exchange for the stability and predictability of a long-term relationship. This can give the buyer a competitive advantage by differentiating their products or services from competitors who do not have access to the same technology.

Long-Term Contracts Can Help the Buyer to Gain Exclusive Access