Question: For a leverage product ( product with low / very low supply risk but high impact on firm s profit ) what supplier selection strategy

For a leverage product (product with low/very low supply risk but high impact on firms profit) what supplier selection strategy do you suggest firm to follow:
(2 Points)
Both Long-term partnership with supplier & Performance based partnership
Performance based partnership
Long-term partnership with supplier.
(d) Competitive bidding towards cost minimization

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