Many suppliers and their customers invest time and resources to build and maintain mutually beneficial relationships which are often called
A) partnerships.
B) co-ops.
C) monopolies.
D) reciprocity.
E) alliances.

Question

Quizplus · Accepted Answer

The term "partnerships" accurately describes the type of relationship where both suppliers and customers work together to achieve common goals, share risks and benefits, and build a long-term business relationship. Co-ops are typically organizations of suppliers who own and operate a business together, while monopolies refer to a situation where one company dominates a particular market. Reciprocity refers to a practice where two parties agree to exchange goods or services of equal value, while alliances typically refer to agreements where two or more parties work together for a common purpose, but may not necessarily involve a long-term relationship.

Many Suppliers and Their Customers Invest Time and Resources to Build