Rico Paving Contractors enters into a contract with Valley Supply for the purchase of 100 bags of cement per week for the next 16 weeks at a price of $15 per bag. The contract also includes a condition that allows prices to be revised if costs go up more than $1 per bag. This purchase involves
A. an indefinite delivery contract.
B. negotiated contract buying.
C. a good faith purchase.
D. cost reimbursement contracting.
E. price allocation purchasing.
Answer: B. negotiated contract buying.
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Marketing
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- One important consideration in using a differentiated targeting strategy is that ________.
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- Which of the following is an advantage to businesses that use computer databases to manage their inventory?