In a(n) ________ contract,one party consents to sell to a second party all of the goods that party makes in a given period of time.

A) requirements
B) current market price
C) cost-plus
D) output

Question

In a(n) ________ contract,one party consents to sell to a second party all of the goods that party makes in a given period of time.A) requirementsB) current market priceC) cost-plusD) output

Sebastian Olvera · Accepted Answer

Final Answer : D, Explanation :  An output contract is one in which a seller agrees to sell all of the goods they produce within a certain time frame to a buyer. This type of contract is common in industries where production levels vary and the buyer needs a guaranteed supply of the goods. A requirements contract, on the other hand, is one in which a buyer agrees to purchase all of their needed goods from a specific seller. Cost-plus and current market price contracts are pricing mechanisms rather than types of contracts.

In a(n) ________ contract,one party consents to sell to a second party all of the goods that party makes in a given period of time.

A) requirements
B) current market price
C) cost-plus
D) output

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