Business Studies, asked by frao2387, 1 year ago

The practice of becoming the largest purchaser of products from a given supplier is an example of

Answers

Answered by Wafabhatt
0
Thank you for this important question. Please find the answer below.

The practice of becoming the largest purchaser of products from a given supplier is an example of;

Locking in the supplier. 

This is a form of competing with Information Technology, which is competing in the competitive market with the help of information technology.


Answered by lovingheart
0

The practice of becoming the largest purchaser of the products from a particular supplier is the best example of the process of supplier lock in.

Explanation:

  • This is the process in which a purchaser can lock a supplier and he can get the maximum number of products or services from that particular supplier so that the supplier never changes his mind in supplying the products to some other customers.  
  • In this way, a lock in mechanism with the supplier can be done.

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