An organization faces an unfamiliar buying situation when its regular supplier suddenly hikes the prices of its supplies.It considers a limited number of suppliers and finalizes a long-term contract with one of the suppliers.In this case,the organization is most likely to use a _____.

Question

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This situation is not a straight rebuy because the regular supplier has hiked the prices, making it an unfamiliar situation. It is not a new task purchase because the organization already has experience in purchasing the supplies. Therefore, the organization is most likely to use a modified rebuy, where it considers a limited number of suppliers and finalizes a long-term contract with one of the suppliers. Just-in-time purchase is not relevant to this specific situation.

An Organization Faces an Unfamiliar Buying Situation When Its Regular