A/An ____ occurs in situations in which a buyer is allowed to automatically discount the published purchase price by a negotiated percentage for all purchases from a given price list or catalog during the contract period.
A) pricing agreement
B) international contract
C) national contract
D) open-ended order
E) None of these choices.

Question

Quizplus · Accepted Answer

This situation describes a pricing agreement, which allows a buyer to receive a negotiated discount on all purchases from a given price list or catalog during the contract period. An international or national contract would not necessarily involve a discount like this, and an open-ended order refers to a purchase order that does not have a specific quantity or delivery date.

A/An ____ Occurs in Situations in Which a Buyer Is