Agreeing to a long-term contract seldom allows the buyer to have access to more detailed cost and price information from the supplier in exchange for the extended contract term.

Question

Quizplus · Accepted Answer

Long-term contracts often provide buyers with more detailed cost and price information from suppliers as part of the negotiation process, allowing for better transparency and trust over the extended period.

Agreeing to a Long-Term Contract Seldom Allows the Buyer to Have