Question

Hot Rods, Inc. is an automobile manufacturing company that obtains its automotive parts from the same supplier. The price, quantity, and other terms of purchase remain the same each time the company buys from the supplier. This situation can be termed as a _____.

Answer 1

Answer:

Here the situation can be termed as the straight re buy.

Explanation:

Straight re buy is one of the types of buying situations, where the purchasing and reordering of supplies is made on a routine basis from a particular supplier. Here suppliers are also making efforts on their parts to maintain the quality of product and services and also maintaining a proper automated reordering system which would help in saving time.