A/An _____ occurs in situations in which a buyer is allowed to automatically discount the published purchase price by a negotiated percentage for all purchases from a given price list or catalog during the contract period.
A)pricing agreement
B)international contract
C)national contract
D)open-ended order
E)None of these answers.

Question

Quizplus · Accepted Answer

A pricing agreement allows a buyer to get a negotiated discount on the published purchase price for all purchases made from a vendor's catalog or price list during the contract period. The discount is calculated automatically based on the agreed-upon percentage, and the pricing agreement can help both parties achieve cost savings and streamline purchasing processes. Therefore, option A is the best choice.

A/An _____ Occurs in Situations in Which a Buyer Is