A/An _____ is similar to a/an _____ but allows the addition of items not originally included in the blanket order and may also allow the original purchase order to be extended for a longer term.
A)closed-end order….open-ended order
B)national contract….national buying agreement
C)open-ended order….blanket order
D)open-ended order….pricing agreement
E)blanket order….national buying agreement

Question

Quizplus · Accepted Answer

An open-ended order is similar to a blanket order, but it allows for additional items to be added and the original order to be extended for a longer term. A national contract or national buying agreement refers specifically to an agreement with a supplier or vendor, whereas an open-ended or blanket order refers more generally to a type of purchasing agreement. A closed-end order typically refers to a one-time purchase with a specific end date, which is the opposite of an open-ended or blanket order. Finally, a pricing agreement may refer to a specific agreement on price rather than on the scope of items included in the order, and it may or may not have the same flexibility as an open-ended or blanket order.

A/An _____ Is Similar to A/an _____ but Allows the Addition

A/An _ Is Similar to A/an _ but Allows the Addition