A study on ethical practices in purchasing found that smaller firms frequently make agreements with other organizations to purchase each other's products and services.This practice is referred to as
A)exclusive dealing.
B)supply partnerships.
C)reciprocity.
D)strategic alliances.
E)tying arrangements.

Question

Quizplus · Accepted Answer

Reciprocity refers to two or more organizations agreeing to purchase each other's products or services. This practice is commonly used by smaller firms to gain access to resources and to strengthen relationships with other organizations. It is important to note that while reciprocity can be an ethical practice, it can also lead to anti-competitive behavior if used to exclude other suppliers from the market.

A Study on Ethical Practices in Purchasing Found That Smaller