Question: QUESTION 22 is a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship. a. virtual order

QUESTION 22 is a long-term purchase commitment to

QUESTION 22 is a long-term purchase commitment to a supplier for items that are to be delivered against short-term releases to ship. a. virtual order O b. joint venture c. blanket order d. contract QUESTION 23 Which of the following is NOT TRUE regarding an advantage of the "few suppliers" sourcing strategy? a. the creation of value from an economy of scale b. less vulnerable to losing trade secrets c. suppliers have a learning curve that yields lower transaction and production cost O d. suppliers are more likely to understand the broad objectives of the end customer

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