A/An ____ is defined as a purchase that is made on a nonrecurring or limited basis with little or no attention of developed an ongoing relationship with the supplier.
A) alliance
B) long-term contract
C) short-term contract
D) spot contract
E) JIT contract

Question

Quizplus · Accepted Answer

A spot contract is a purchase that is made on a nonrecurring or limited basis with little or no attention of developed an ongoing relationship with the supplier. It is a one-time purchase or transaction where the buyer purchases from the seller at the time of need without any long-term commitment. The other options (alliance, long-term contract, short-term contract, JIT contract) involve some level of ongoing or committed relationship with the supplier.

A/An ____ Is Defined as a Purchase That Is Made