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Question 74 - CSCP discussion

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Maintaining a long-term collaborative relationship with a trading partner requires:

A.
formal and informal communication.
Answers
A.
formal and informal communication.
B.
interconnected information systems.
Answers
B.
interconnected information systems.
C.
one partner regularly exercising power.
Answers
C.
one partner regularly exercising power.
D.
standardized terms of agreement.
Answers
D.
standardized terms of agreement.
Suggested answer:

Explanation:

Context: Long-term collaborative relationships in business require various forms of communication and mutual understanding.Options Breakdown:A . Formal and informal communication: Essential for building trust, addressing issues promptly, and fostering collaboration.B . Interconnected information systems: Important for operational efficiency but not sufficient alone for maintaining relationships.C . One partner regularly exercising power: This could harm collaboration and trust.D . Standardized terms of agreement: Important for clarity but insufficient alone to maintain long-term relationships.Answer: Justification: Effective long-term relationships depend on both formal (contracts, meetings) and informal (regular check-ins, casual interactions) communication, ensuring transparency, trust, and responsiveness.Supply chain relationship management literatureCase studies on successful long-term business partnerships

asked 16/09/2024
Dirk Prinsloo
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