Question

1. Small Producer is heavily dependent on Massive Mart for product sales. When Massive Mart aggressively negotiates lower wholesale prices so it can then lower prices in its stores, Small Producer has no choice but to agree. This is an example of which type of vertical marketing system?A. Contractual VMSB. Discrete VMSC. Corporate VMSD. Administered VMS

Answer 1

The correct option is (D): Administered VMS

A seller control device (VMS) is a web-enabled, often net-primarily based utility that acts as a mechanism for commercial enterprise to manipulate and acquire staffing offerings – temporary, and, in a few cases, everlasting placement offerings – in addition to outside contract or contingent exertions. ordinary functions of a VMS utility encompass order distribution, consolidated billing, and significant upgrades in reporting capability that outperforms guide systems and strategies.

in the financial industry because of current rules (see FRB SR13-19; OCC 2013-29 and CFPB 2012-03), vendor management implies consistent threat classification and due diligence to manage 1/3-birthday party risk. some institutions have re-classified or renamed their programs to third birthday party danger management (TPRM) to align with the verbiage used by the regulatory agencies.

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