_____ occurs because government agencies,government-sponsored commercial contracts,and many big businesses have policies that provide for quotas for purchases from small businesses.

Question

Quizplus · Accepted Answer

Favored purchasing is the practice of giving preference to purchases from small businesses due to government policies or business requirements that mandate quotas for such purchases. Second sourcing refers to the practice of having a backup supplier for a product or service in case the primary supplier fails. Market relinquishment is when a company decides to exit a market or industry. Customer contracting refers to the process of negotiating and agreeing on terms and conditions for a sales agreement between a business and a customer.

_____ Occurs Because Government Agencies,government-Sponsored Commercial Contracts,and Many Big Businesses