A _____ is defined as a purchase that is made on a nonrecurring or limited basis with little or no attention of developed an ongoing relationship with the supplier.
A) purchasing alliance
B) long-term contract
C) short-term contract
D) spot contract
E) JIT contract

Question

Quizplus · Accepted Answer

A spot contract is a purchase made on a nonrecurring or limited basis with little or no intention of developing an ongoing relationship with the supplier. This type of purchase is typically made for immediate or urgent needs and may involve a one-time negotiation of terms and pricing.

A _____ Is Defined as a Purchase That Is Made