Relational Contracts

Multiple Choice

Relational contracts

A) Ensures continuity in a relationship because suppliers are now hierarchically connected employees
B) Can establish procedures or structures for planning to ensure ongoing effective exchange
C) Are formal efforts to obtain evidence of supplier capabilities and commitment
D) Are contracts to purchase a specified quantity over a period of time at an agreed-upon price
E) Precipitates the formation of a development team consisting of representatives from various areas such as manufacturing, purchasing and technical centers