Question 2 (1 point) In the sourcing/purchasing design matrix, there are three variables: contract durati (assume levels as short, medium, and long), transaction costs (assume levels as low medium, and high) and specificity (assume levels as low, medium, and high). Vendor managed inventory belongs to long contract duration, high transaction costs and low specificity. short contract duration, high transaction costs and low specificity. long contract duration, low transaction costs and low specificity long contract duration, high transaction costs and high specificity. long contract duration, low transaction costs and high specificity Question 3 (1 point) Which one of the following statements is false regarding price promotion? o 9 4+ % 8 7 5 9 6 O P