Which of the following term best describes the contractual relationship characteristic of a preferred supplier?
A) Quality agreement.
B) Annual agreement (1 year).
C) Design contract.
D) Order to order.

Question

Which of the following term best describes the contractual relationship characteristic of a preferred supplier? 
A) Quality agreement. 
B) Annual agreement (1 year). 
C) Design contract. 
D) Order to order.

Quizplus · Accepted Answer

Preferred supplier relationships often involve annual agreements, which help in ensuring a steady supply of goods or services, fostering a stronger and more reliable partnership between the supplier and the buyer.

Which of the Following Term Best Describes the Contractual Relationship