supply partnership exists when a buyer and its supplier adopt mutually beneficial objectives,policies,and procedures for the purpose of
A) putting competitors of both buyers and sellers out of business.
B) lowering costs and increasing profits for the supplier.
C) lowering costs or increasing value of products or services to the ultimate consumer.
D) creating a single channel of distribution.
E) creating an exclusionary relationship from all other buyers and sellers.

Question

Quizplus · Accepted Answer

A supply partnership exists when a buyer and supplier work together to lower costs or increase the value of products or services provided to the ultimate consumer. The objective is not to eliminate competitors but to improve performance and efficiency throughout the supply chain. Lowering costs helps both the buyer and supplier increase profits and maintain a competitive edge. Additionally, putting competitors out of business or creating an exclusionary relationship is not a mutually beneficial practice and goes against fair business practices.

Supply Partnership Exists When a Buyer and Its Supplier Adopt