Practice Quiz

Supply Chain Management

Category - Managing Supply

Start a Study Session Sign up for Question of the Day
A __________ specifies parameters covering the buyer and supplier relationship. This protects the business from both external and internal sources.
  1. Supply contract
  2. Demand contract
  3. Demand and supply contract
  4. None of the above.
Explanation
Answer: A - Once suppliers have been designated, contracts have to be organized between the buyer and each supplier. A supply contract specifies parameters covering the buyer and supplier relationship. This protects the business from both external and internal sources.
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz