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masha68 [24]
10 months ago
9

what is the supplier relationship like when the vendor is viewed as an partner? (select all the items that apply.)

Business
1 answer:
zavuch27 [327]10 months ago
4 0

The supplier relationship like when the vendor is viewed as an partner is openness and sharing of strategic and tactical information readily occurs.

A partner becomes an extension of your company, as opposed to a vendor who only supplies a given item or service. A corporation may have a limited number of IT, staff employees, with expertise in particular technological areas and little time to devote to enhancing the internal team members' skill sets.

To specify each business partner's obligations and rights in a commercial transaction, use partner functions. When you make a master record for a business partner, you may attach partner functions to that record.

The given question is incomplete, the complete question is:

What is the supplier relationship like when the vendor is viewed as an partner?

One or few number of suppliers

Price is moderately important but flexibility is very important

Openness and sharing of strategic and tactical information readily occurs.

To know more about Vendor here

brainly.com/question/28851516

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Canada favors free markets, and by doing so, it allows market forces to allocate resources. Consumers are free to decide what to buy and at what price, and producers are free to decide what to sell and at what price. Since private actors are free to decide how to allocate resources, they are allocated more efficiently.

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