Asked by derrick johnson on Jun 11, 2024
Verified
Companies generally prefer short-term contracts with suppliers.
Short-term Contracts
Employment agreements with a limited duration, typically less than one year.
- Understand the strategic decision-making process involved in purchasing, leasing, and negotiating with suppliers.
Verified Answer
KS
kirsten schlangeJun 16, 2024
Final Answer :
False
Explanation :
Companies often prefer long-term contracts with suppliers to ensure stability in supply, lock in prices, and build strong, collaborative relationships that can lead to better quality and innovation.
Learning Objectives
- Understand the strategic decision-making process involved in purchasing, leasing, and negotiating with suppliers.
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