Question: ( Homework , Chapter 9 ) What is an advantage of long term relationships over short term contracts between companies? Companies are not limited by

(

Homework

,

Chapter

9)

What is an advantage of long term relationships over short term contracts between companies?

Companies are not limited by partnerships very long before being able to move on to the next one.

Companies are limited by their partnerships from forming new relationships with companies because of their long term contracts.

Long

-

term relationships show commitment to a company's suppliers so that the company can realize differentiation and cost advantages through specialized investments.

Companies can be more competitive in what suppliers they work with because they are not obligated to any supplier for a long period of time.

(Homework, Chapter 9) What is an advantage of long term relationships

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